Export options. NMDC to tap export markets finally as iron ore ...Tue, 21 Feb 2023 00:00:00 GMT
NMDC Ltd, an iron-ore miner and a CPSE under the Ministry of Steel, will tap export markets like China with the price of the mineral hovering at a viable $120 per tonne level. Exports are likely to happen in Q4 FY23 and methodology of the same is being finalised. Iron ore price (in international markets) have rebounded from a low of $80/t in November. According to Sumit Deb, Chairman and Managing Director, NMDC, exports could take place either via Vizag port or Krishnapatnam port.
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