India’s NMDC hikes iron ore prices on steel rebound
India’s largest iron ore producer state-controlled NMDC has increased its prices for the first time since May last year with increased demand for steel.
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Steel demand collateral to Vehicle Demand
There’s no denying that the world has seen one of the biggest hits in decades, because of coronavirus which has led to a severe impact on many business sectors.
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As per the analyst, the difference between domestic and international prices are currently 8%. “An increase in prices from September is on the cards. The iron ore prices were at a six-year high. “International steel prices in August, too, have increased”.