Author: Romil Sethi

SteelMint’s daily sponge iron, CDRI index was assessed at INR 32,500/tonne (t) (- INR 150) exw-Rourkela on 5 November, 2022. About 770 t of transactions were recorded today as against 1,550 t on 4 November. Weak demand, followed by poor steel offtake, contributed to the index’s downward trajectory and, in turn, pressured sponge prices. Due…