India: Jharkhand mills conclude 3,400 t of billets, sponge iron deals

  • Jharkhand-based mills concluded 1,200 t of billets deals at INR 46,000-46,200/t exw-Ramgarh.
  • 1,600 t of P-DRI and 600 t of C-DRI (FeM 78%) deals were confirmed at INR 30,000-30,200/t and INR 32,500-32,600/t exw-Ramgarh respectively.
  • Trading activities remained lower than yesterday and need-based buying was seen as buyers were confused due to price volatility. Participants are waiting for prices to stabilise to resume active purchases.

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