Profit

Steel prices may rise on increasing iron ore costs

PUBLISHED ON: August 18, 2008 | Duration: 2 min, 39 sec

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India's biggest iron ore producer NMDC, which signed a MoU with world's biggest mineral co Rio Tinto for exploring mining opportunities globally, is set to announce a price hike. "Rio Tinto and BHP has already done it. Now it is our turn and whatever the companies negotiate will be applicable from April 1," said said Rana Som, Chairman of NMDC.
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