With a view to fast-recovering demand in the domestic steel market and improved products prices, state-owned miner NMDC is likely to further raise prices of iron ore fines and lumps after consecutive hikes on 31st Jul ’20 and 11th Aug ’20, Chairman Sumit Deb has hinted during an interview. With annual output of 32.4 mn t in FY20, NMDC is sticking to its FY21 guidance of 33 mn t.
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