NMDC says Iron ore exports to China likely to go down on duty hike

Monday, March 21,

NMDC’s chairman and managing director Rana Som said exports to China are unlikely to continue on the back of the export duty hike.*and the spot prices of commodities have reduced marginally and NMDC will continue to report than 80% EBITDA.

Talking about the exports, Som said that “Demand from Japan steel mills will rise in next 3-4 months,” added Som.