28
Feb
06:08
NMDC hikes iron ore prices amid Russia-Ukraine uncertainty
Indian state-run miner NMDC has hiked its iron ore prices for March domestic deliveries amid uncertainty across the steel industry caused by the Russian military invasion of Ukraine.
The industry’s anticipation of price hikes for finished steel, coupled with a steel demand uptick due to the supply void left by a halt in CIS trade, has lifted raw material prices, including for scrap and iron ore.
NMDC has increased quotes by INR 400/tonne ($5.30/t) and INR 3…
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Anonymous
Very good overview of the weekly steel market.
Anonymous