India: Jharkhand mills conclude over 5,500 t of billets, sponge iron deals

  • Jharkhand-based mills concluded 1,900 t of billets deals in a price range of INR 44,500-44,700/t exw-Ramgarh.
  • 2,600 t of P-DRI and 1,250 t of C-DRI (FeM 78%) deals were confirmed at INR 28,700-28,900/t and INR 31,500-31,700/t exw respectively.
  • Spot trade improved d-o-d as active demand was noticed in the second half following the price recovery in northern region. Offers from regional manufacturers remained mostly stable.

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