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Why Local Iron Ore Prices May Have Found A Support
Domestic iron ore prices have fallen since July as supply improved, even as international prices rebounded.
10 Dec 2021, 08:32 AM IST
The price of domestic iron ore has fallen since July as supply improved even as international prices rebounded. Analysts now expect local prices to find support as well.NMDC Ltd., India’s largest iron ore producer, has been cutting rates since July, according to company filings. The raw material sank 32% over the past six months, with sharp decline in September and November. In comparison, the price is up 10% in the international mar...
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