State-run NMDC is likely to raise iron ore prices by three per cent next week for the January-March quarter, a move which could prompt domestic steel makers like JSW and Tata Steel to increase prices in the New Year. The move is due to a rise in demand and squeeze in global supplies.
After a series of hikes in iron ore prices during the first half of 2010, NMDC had reduced prices by about five per cent for the October-December quarter. The rise would affect all steel companies and these would be forced to increase their prices as well.crackcrack
| Company Name | CMP |
|---|---|
| Coal India | 438.70 |
| NMDC | 89.78 |
| GMDC | 733.40 |
| Sandur Manganese | 218.35 |
| MOIL | 327.60 |
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