 "Pricing pressures likely due to increased iron ore supply: NMDC")
Public sector iron ore miner National Mineral Development Corporation (NMDC) Limited sees a likely pressure on iron ore demand and prices in the domestic market due to international as well as local factors despite better prospects expected for steel industry growth.
Addressing the annual general meeting (AGM) on Friday NMDC's newly appointed chairman-cum-managing director N Baijendra Kumar said the expectation of stagnation in Chinese steel production, increase in sea-borne iron ore supplies and competition from scrap as a feedstock are some of the factors that would have a likely impact on the company's business in future.
However, during the current
