02
Sep
07:12
NMDC’s August production, sales plunge amid subdued demand
The monsoon coupled with low exports amid the 15% duty imposition have slowed steel consumption and production in India, owing to which production and import of feedstock have also fallen significantly.
This downward trend in sentiment pulled down NMDC’s performance in August. The state-run miner’s iron ore output plunged 19% on-year to 2.48 million tonnes last month, against 3.06mt produced a year earlier, while deliveries dropped 3% to 2.83mt, Kallan…
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Anonymous
Very good overview of the weekly steel market.
Anonymous