07
Jun
10:29
NMDC drops iron ore prices ahead of monsoon
Following the finance ministry’s announcement imposing export taxes, the domestic steel supply increased and semi-finished and finished steel prices plunged dramatically. This has created pressure on raw material suppliers like NMDC, which has dropped its iron ore offers for the second time since the announcement. Steel demand and prices are expected to plummet further in the upcoming monsoon season, Kallanish notes.
NMDC has dropped its iron ore prices for …
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Anonymous
Very good overview of the weekly steel market.
Anonymous