Tag: NMDC Rake movement
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India: NMDC (C.G) Iron Ore Rake Movement Improved Significantly in May’20
NMDC’s iron ore rake movement from its Chhattisgarh mines to state-based steel units has picked up sharply to 43 rakes in May’20 (0.17 MnT) as against being nil a month ago (in Apr’20), as per railway movement data maintained with SteelMint. Market participants mentioned that after the price cut announced by NMDC and gradual resumption…