NMDC slashes iron ore prices for second month in a row
NMDC, a major iron ore supplier in India, has cut its prices for the second consecutive month. This move is part of a trend of price revisions, with the company making its fifth adjustment in as many months this fiscal year. The reduced prices for lump ore are now below the level seen in April, indicating a decrease in demand or increased supply in the market. This price drop may have implications for the iron ore industry and related sectors, potentially affecting supply chains and market dynamics.
Read the source report: The Hindu
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