India: Jharkhand mills conclude 4,700 t billet, sponge iron deals

  • Jharkhand-based steel mills concluded 1,900 t of billets deals in a price range of INR 43,200-43,500/t exw Ramgarh.
  • 1,700 t of P-DRI and 1,100 t of C-DRI (FeM 78%) deals were confirmed at INR 29,200-29,500/t and INR 31,800-32,000/t exw Ramgarh, respectively.
  • Trades remained limited due to lower purchase enquiries as buyers were less active on account of sufficient bookings in hand already. Hence, it impacted spot trades in the region.

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