Author: Romil Sethi
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SteelMint: Rourkela sponge iron index slips on low demand, declining steel prices – 16 Sep
SteelMint’s daily sponge iron, CDRI, index was assessed at INR 34,650/tonne (t) (- INR 100) exw-Rourkela on 16 September, 2022. About 1,020 t of transactions were recorded today as against 3,100 t on 15 September. Due to weak spot market sentiments, semi-finished steel prices in north India saw a sharp reversal leading to only a…