India: Jharkhand mills conclude 3,000 t billet, sponge iron deals

  • Jharkhand-based steel mills concluded 900 t of billets deals in a price range of INR 43,300-43,400/t exw Ramgarh.
  • 1,500 t of P-DRI and 600 t of C-DRI (FeM 78%) deals were confirmed at INR 27,600-27,700/t and INR 30,200-30,300/t exw Ramgarh, respectively.
  • Due to slow demand and unpredictable market sentiments bids and offers continued to fall further today which impacted trading and seemed below average in the region.

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