Hike in iron ore prices will affect steel sector, says Kalyani Steels
NMDC has taken a steep increase in prices of fines and lumps, taking prices to nearly three year highs.
However, Kalyani Steels would be buying some amount of iron ore from NMDC. In an interview to CNBC-TV18, RK Goyal, MD of Kalyani Steels shared his views on the same and spoke about the latest happenings in the company.
Goyal said that NMDC’s price increase is due to domestic factors.
He further said that our prices are fixed till March 31, 2018; any further hike possible only after April 1, 2018.
According to him, hike in iron ore prices will affect steel sector in India.
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