 "iron ore")
After slashing iron ore prices by 15-16 per cent in April, NMDC has taken similar price cuts in May.
The Street is worried with the latest action, given how India’s largest iron ore miner has seen its April sales dip by almost half to 1.38 million tonnes (mt), from 2.7 mt a year ago (despite price cuts taken earlier).
While there are not many challenges for the country’s largest iron ore player on the production front - with mining being included under essential services - it is the demand disruption for end products (steel) against the backdrop of Covid-19-led disruption that has
