22
Feb
11:31
NMDC Steel plant to break even by September
Indian government-owned iron ore miner National Mineral Development Corporation (NMDC) says it expects its steelmaking arm, NMDC Steel (NSL), will break even at its newly commissioned steel plant. This will likely happen midway through the financial year ending March 2025 (FY25).
NMDC chairman and managing director Amitava Mukherjee expects the breakeven to occur either by the first fiscal quarter (FQ1) of FY25 or latest by FQ2, Kallanish notes. Mukherjee says cap…
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Very good overview of the weekly steel market.
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