India’s NMDC raises iron ore prices on strong demand, global iron ore price hikes

India’s largest iron ore producer, the state-owned National Mineral Development Corp (NMDC) has increased its prices for iron ore fines and lump after a sharp rise in infrastructure spending in the country boosted demand for steel, sources told Fastmarkets this week.

India set a fiscal budget of around $120 billion fir infrastructure spending for the year from April 2023 in an attempt to boost economic growth, according to a local information...


Shu Yi Zheng

January 04, 2024

11:07 GMT