Steel Exchange India signs MoU with NMDC for iron ore supply
STEELXIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Steel Exchange India Limited has signed a non-binding MoU with NMDC Limited on September 8, 2026. The MoU covers supply and procurement of Consistent grade Iron Ore Fines with Fe content of 61 to 63 percent and above, from NMDC's upcoming Buffer Stockpile and Blending Yard at Visakhapatnam. The agreement is non-exclusive, has a 4-year primary term, and sets the framework for long-term supply agreements. It is expected to support the Company's integrated steel manufacturing operations and expansion plans.
Secures potential iron ore supply framework with major PSU NMDC, supporting steel expansion. Non-binding MoU limits immediate impact but signals positive partnership.