Tag: NMDC CG Iron Ore

India: NMDC Iron Ore Rake Movement to State-Based Units Fall Sharply in Feb’20

Mar 4, 2020

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by

Indranath Jha

in Fines/Lumps

State-based steel plants decreased iron ore sourcing from NMDC (C.G.) significantly by 76% from 70 rakes (equivalent to 269,500 MT) in Jan’20 to 17 rakes (65,450 MT) in Feb’20 (This does not include movement through road). NMDC had raised iron ore prices twice in the month of Jan’20, making a total increase of INR 550-600/MT…