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27 Sep

NMDC sees export delays on logistics issues: reports

Logistical constraints in procuring railway wagons are delaying NMDC’s low-grade iron ore exports to China, Kallanish notes. "There is a severe shortage of rakes [wagons] to move the ore anywhere in the country which is affecting exports," an NMDC official told Reuters. In July, NMDC floated an expression of interest to attract buyers for iron ore export deals (see Kallanish passim). According to the miner, the incoterm for exports was free on bo…
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