India: Semi-finished steel offers plunge on dull demand in Jharkhand

  • Billet (100x100mm) prices in Jharkhand’s Ramgarh dropped by INR 500/t and around 1,700 t deals were heard concluded at INR 51,000-51,200/t exw.
  • SteelMint’s assessment for sponge iron prices in Ramgarh fell by INR 400/t and about 2,900 t deals were confirmed, out of which 1,700 t PDRI was sold at INR 32,400-32,600/t while 1,200 t CDRI was sold at INR 34,400-34,600 exw.

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *