Author: Romil Sethi
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SteelMint: Rourkela sponge iron index falls further on low demand
SteelMint’s daily sponge iron, CDRI, index is assessed at INR 35,550/tonne (t) (- INR 450) exw Rourkela on 16 May 2022. About 2,600 t of transactions in CDRI were recorded by SteelMint today against 2,400 t on 14 May. The index fell on account of limited trades and market participants procured material only as per…