Author: Romil Sethi

SteelMint: Rourkela sponge iron index plunges INR 2,200/t on unclear market trends – 23 May

May 23, 2022

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by

Romil Sethi

in Sponge Iron

SteelMint’s daily sponge iron, CDRI, index was assessed at INR 32,850/tonne (t) (- INR 2,200) exw Rourkela on 23 May’22. Nil transactions in CDRI were recorded by SteelMint today against 1,500 t on 21 May. The index fell steeply on account of hefty export duties imposed by the government on steel and steel-making raw materials.…