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There’s More To Worry For Indian Iron Ore Miners Than Global Price Trend
What's worrying Indian iron ore miners?
23 Sep 2021, 11:02 AM IST
Iron ore prices in India and across the world have slipped from their peaks this year. But there’s more to worry for domestic miners of the steel raw material.NMDC Ltd. slashed prices of lumps and fines by Rs 1,000 a tonne over the preceding month in September, the steepest cut so far this year, according to the nation’s largest iron ore miner's exchange filings. The commodity is at its cheapest since April.The decline, Edelweiss Sec...
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