 "NMDC")
Words like “China unlock” are beginning to attract speculators. One of the key reasons and areas for the same could be China’s real estate, which contributes almost a third of its gross domestic product.
If there’s a recovery in real estate activity, steel, other industrial metals and cement would be some of the sectors where demand would obviously grow. This could make a positive difference to iron ore prices and, in turn, could mean a rebound in the valuations of NMDC since it is a major ore producer.
In that case, NMDC may be able to increase its production of iron ore and maintain margins. Having divested its steel plant will also strengthen its balance sheet and lead to improved
