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Prices of IO increase with the percentage of iron ore. The...

  1. Membling
    1,038 Posts.
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    16/10/16
    16:42
    Post #: 19892192
    Prices of IO increase with the percentage of iron ore.

    The higher the Fe% the less refining and better quaity product it makes.

    Indian IO prices are different from Global prices due to Modi protectionist policies that are being used to help grow domestic industry.

    Any increase in IO price would be beneficial to NSL, especially with the big steel producers looking to expand.
    NSL Price at posting: 3.9¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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