NMDC raised Iron Ore Lump prices from Rs. 6,950 per MT (fixed on 14th April) to Rs. 7,650 per MT, w.e.f. 12-5-21, a rise of 10%. However, Fines prices raised by about 30% in this period, from Rs. 5,060 per MT to Rs. 6,560 per MT.  This shows the demand for Iron Ore by the Steel makers. Other pure Iron Ore player is Sandur Manganese & Iron ores, while Vedanta is having one segment as Iron Ore.

One can assess the demand of steel products, while big steel makers like SAIL, JSW Steel, Tata Steel and  Jindal Steel & Power will have robust Q1FY22 finacials as well as well. China has recently raised HR Coil prices by $90 per MT, while curtailing its exports, which will be seen positive for the Indian Steel makers.

Infact, SAIL is the only Indian Steel maker, meeting its 100% iron ore requirements from captive mines, while making merchant sale of iron ore as well. Incidentally, SAIL has iron ore mines, having higher ore reserves, than what is held by NMDC.
 
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