Author: Romil Sethi

SteelMint’s daily sponge iron, CDRI index was assessed at INR 33,250/tonne (t) (- INR 200) exw-Rourkela on 2 November, 2022. About 1,600 t of transactions were recorded today as against 1,510 t on 1 November. Due to weak demand and ongoing slow trends, the index declined. Buyers are resisting current offers in the hope that…