Author: Romil Sethi

SteelMint’s daily sponge iron, CDRI, index was assessed at INR 36,650/tonne (t) (- INR 100) exw-Rourkela on 4 August, 2022. About 2,890 t of transactions were recorded today against 2,365 t on 3 August. The index dropped further as buyers quoted lower bids, hoping for further decline in offers. However, spot trades reportedly increased by 22%…