NMDC Q2 net seen down 48% on low iron ore demand, prices
Topline may be hit by lower sales and realisations. Realisations may be crushed as lumps prices declined 40 percent and fines prices dropped 50 percent year-on-year. Lumps:Fines proportion is approximately 25:75 percent. Additionally, the company in October cut prices by 12 percent in comparison to September.