Author: Manish Agrawal
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India: NMDC’s Iron Ore Supply to Chhattisgarh Units decrease by 22% M-o-M
Chhattisgarh based Sponge iron & Steel units have decreased Iron ore purchases from NMDC, Chhattisgarh mines to an extent of 22% in the month of Nov’14. Rake movement has declined owing to falling Sponge iron prices and limited Coal supply. Sponge iron prices have corrected by almost INR 1,200/MT (USD 19) M-o-M in Raipur. It…