The stock prices of steel and allied sectors have zoomed up in the recent past following the upturn in the global steel demand. The stocks of companies into iron ore business have also been heading northwards.
While National Mineral Development Corporation (NMDC), SAIL, Kudremukh Iron Ore Company Ltd (KIOCL) and Tisco dominate iron ore mining, the only private sector listed iron ore exporter is Sesa Goa Ltd.
KIOCL, Tisco and SAIL operate their mines for captive purposes, the bulk of the other mining companies cater to the domestic pig iron industry and to exports.
The stock price of Tata Steel (Tisco) has moved jumped from Rs 157.25 on June 2 to today
