Author: Romil Sethi
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SteelMint: Rourkela sponge iron index rises sharply, tracking billet market – 8 Jul
SteelMint’s daily sponge iron, CDRI, index was assessed at INR 35,600/tonne (t) (+ INR 1,150) exw-Rourkela on 8 July, 2022. About 5,410 t of transactions in CDRI were recorded by SteelMint today against 4,100 t on 7 July. The index continued to rally on account of active demand amidst higher offers floated through the suppliers.…