01
Dec
06:43
NMDC hikes iron ore quotes post duty annulation
Following the recent duty revocation, the state-run iron ore miner NMDC hiked its iron ore quote by INR 300/tonne ($3.70) for December deliveries. The miner had previously dropped its quote for November deliveries, after keeping prices stable in September and October, Kallanish notes.
Effective 30 November, NMDC has pegged its 65.5% Fe, 6-40mm lump ore, and 64% Fe up to 10mm fines prices at INR 4,100/t and INR 2,910/t, respectively. The above prices exclude royalt…
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Anonymous
Very good overview of the weekly steel market.
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