SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

NMDC may cut iron ore production as demand wanes

15 Dec 2008 Evaluate

India’s largest iron-ore producer, NMDC, may need to cut production because of falling demand for the steelmaking raw material. NMDC’s iron-ore sales in the domestic market have fallen as much as 30 percent, according to Steel secretary Pramod Rastogi.

 

Iron-ore contract prices may halve to $46 a ton next year as demand from China slumps, Cash prices for iron ore delivered to China have slumped 59 percent this half, prompting Rio Tinto Group, the second-biggest exporter, to delay shipments. NMDC cut prices for domestic buyers by 25 percent from Dec. 1, partly reversing a 40 percent increase announced in October for the year started April 1.

 

However, steel-product prices have very small room to decline further, as prices for hot-rolled coil steel, a benchmark product used in cars and construction, have fallen 18 percent since mid-August to 670 euros ($867) a metric ton. crackcrack

NMDC Share Price

85.08 0.67 (0.79%)
10-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Coal India 434.25
NMDC 85.08
GMDC 602.70
Sandur Manganese 202.10
MOIL 305.65
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×