Lower iron prices in the near term should keep NMDC shares under pressure

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Other triggers such as spin-off/listing of steel plant unlikely this year

Topics
NMDC | Russia | Ukraine


Iron and steel prices have seen high volatility since the Russian-Ukrainian war (February 2022), which also coincided with China’s lockdown and the shutdown of high-emitting sectors. As a result, there is a combination of supply chain issues and weak demand.


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First published: Wednesday, July 13, 2022. 11:11 PM IST

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