Smouldering Hot – For Now
India's biggest iron ore producer NMDC, has hiked prices for the first time in the current fiscal (FY24).
iron ore
September 2023
June 2023
November 2022
October 2022
May 2022
March 2022
India's goods exports fall 10.3% in May
The decline in trade was attributed to a drop in consumer spending across advanced nations due to persisting geopolitical tensions and monetary tightening induced recessionary fears.
Govt scraps export duty; here’s how steel stocks reacted
Shares of JSW Steel, Hindalco, Tata Steel, Jindal Steel & Power dropped up to 2% even after the government rolled back export duty on steel and iron ore products.
NMDC gets MCA approval for demerger of steel unit; stock rises 1%
The Ministry of Corporate Affairs on Tuesday approved the demerger of NMDC Steel from NMDC
NMDC’s Iron Man
Sumit Deb led the company’s ambitious expansion plans and tapped the post-Covid commodity super cycle.
Steel stocks tumble as govt imposes export duty
The government on Saturday hiked export duty on a range of finished steel products and iron ore.
Manufacturers need to ensure India's minimum reliance on global markets: PM Modi
PM Modi said it is a strange situation that iron ore is exported from India, which subsequently imports steel products from the same countries where iron ore is exported.
