Author: Romil Sethi

SteelMint: Rourkela sponge iron index falls INR 500/t on weak buying – 9 Feb

Feb 9, 2022

—

by

Romil Sethi

in Sponge Iron

SteelMint’s daily sponge iron, CDRI, index is assessed at INR 35,600/tonne (t) (-500) exw Rourkela on 9 Feb’22. About 1,600 t of transactions in CDRI were recorded by SteelMint today against 5,550 t on 8 Feb. The index moved down on persistent weak demand and lack of confidence among market participants as to whether the…