Tag: NMDC CG Iron ore rake movement

India: NMDC’s Iron Ore Bookings from Chhattisgarh Mines Improve Post Price Cut

May 18, 2020

—

by

Indranath Jha

in Fines/Lumps

NMDC’s iron ore rake movement from its Chhattisgarh mines to state-based steel units has picked up to 11 rakes (42,350 MT) in May’20 (till 17th May), as per railway movement data maintained with SteelMint. Major buyers include API Ispat Power, SKS, Monnet Ispat. Market participants mentioned that after the recent price cut announced by NMDC…