11
Sep
01:00
Indias NMDC looks set to merge with KIOCL
India’s steel ministry looks set to merge struggling iron ore pelletiser and iron producer KIOCL with state-owned mining giant National Mining Development Corp. (NMDC), according to local media reports. The move would bring together a company lacking iron ore and one in need of processing capacity, Kallanish notes.
KIOCL operates a 3.5 million tonnes/year iron ore pelletising plant and a blast furnace in Bangalore in southern India. It has also said it…
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Anonymous
Very good overview of the weekly steel market.
Anonymous