11
Aug
08:44
NMDC hikes iron ore on domestic market recovery
Following three consecutive drops, Indian state-run iron ore miner NMDC has hiked its iron ore prices for August deliveries. This is the first time the miner has increased its iron ore prices since the finance ministry announced a 15% tax on steel exports and a 50% duty on iron ore exports in May, Kallanish notes.
The increase in iron ore prices is attributed to the domestic market recovery, which is seeing a significant rebound in billet and finished long steel p…
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Anonymous
Very good overview of the weekly steel market.
Anonymous