04
Dec
13:24
NMDC hikes iron ore prices steeply
NMDC has increased its iron ore prices by INR 900/tonne ($12) on-month, Kallanish notes.
Effective 2 December, the Indian miner is charging INR 4,500/t ($61) for 65.5% Fe, 6-40mm lump ore and INR 4,110/t for 64% Fe up to 10mm fines. Prices are on an for basis and exclude all fees and taxes.
In November NMDC saw sales rise 18% on-year to 3.3 million tonnes, while output rose 13% to 3.32mt.
March-November sales nevertheless still fell -6% on-year to 18.73mt and pr…
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Anonymous
Very good overview of the weekly steel market.
Anonymous