India: NMDC’s iron ore production up, sales down m-o-m in Nov’22

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NMDC, India’s largest iron ore miner, produced 3.61 mnt of raw material in Nov’22, up by 2% from 3.53 mnt in October.
However, cumulative production in Apr-Nov’22 declined by 4% to 23.32 mnt compared to 24.37 mnt in the same period last year.
Meanwhile, iron ore sales inched down by 2% m-o-m to 3.04 mnt in Nov’22.

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