India: Jharkhand mills conclude 7,800 t billet, sponge iron deals

  • Jharkhand-based steel mills concluded 2,800 t of billets deals in a price range of INR 43,600-44,000/t exw Ramgarh.
  • 3,700 t of P-DRI and 1,300 t of C-DRI (FeM 78%) deals were confirmed at INR 29,500-30,000/t, and INR 32,000-32,200/t exw Ramgarh, respectively.
  • Mill owners raised offers on the back of active demand. Market gained support amid rise in raw material prices, participants reported to SteelMint.

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