Bulletin Updates

NMDC: Hold, sell, or buy? – 27 Feb 2023

Feb 27, 2023

NMDC offers appealing fundamentals, including strong steel demand, no export tariff, and no steel business overhang. Domestic steel demand is increasing due to the government's emphasis on infrastructure development and the openness of the Chinese market. Numerous steel companies are expanding capacity, which we expect will increase demand for iron ore in the coming years.

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