India: Jharkhand mills conclude around 5,000 t billets, sponge iron deals

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Jharkhand-based steel mills concluded 2,000 t of billets deals in a price range of INR 44,300-44,500/t exw Ramgarh.
1,400 t of P-DRI and 1,500 t of C-DRI (FeM 78%) deals were confirmed at INR 29,800-29,900/t and INR 32,200-32,300/t exw Ramgarh, respectively.
Offers remained almost stable on bullish trends in the market. Average transactions took place as buyers booked sufficient amount of material in couple of days.

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