Author: Romil Sethi

SteelMint: Rourkela sponge iron index falls sharply on weak spot demand – 14 Nov

Nov 14, 2022

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by

Romil Sethi

in Sponge Iron

SteelMint’s daily sponge iron, CDRI, index was assessed at INR 31,000/tonne (t) (- INR 1,000) exw-Rourkela on 14 November, 2022. About 300 t of transactions were recorded today as against 800 t on 12 November. The index fell sharply following the continued weakness in spot demand for semi-finished steel products. Sponge iron demand was low…