02
Feb
16:29
NMDC hikes prices despite January production, sales fall
Indian state-run iron ore miner NMDC’s production dropped 23% on-year to 4.2 million tonnes in January, against 5.46mt produced a year earlier, Kallanish notes.
NMDC's deliveries also fell 9% to 3.04mt, against 3.84mt.
NMDC’s Chhattisgarh mine production dropped 13% on-year to 2.97mt, against 3.42mt produced a year earlier. Sales reduced 5% on-year to 2.73mt. Karnataka-based mine production, however, increased 8% on-year to 1.23mt, but sales plun…
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Anonymous
Very good overview of the weekly steel market.
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