NMDC reported strong but inline set of numbers. Revenue/EBITDA/APAT for the quarter stood at INR58.7b/INR 26.1b/INR20.5b. The results were down sequentially due to continuous correction in iron ore prices during the last 6 months. EBITDA/t for the quarter was INR2,654/t (YoY down 5.6%, QoQ down 5.6%). The ore prices corrected due to weak international steel prices and lower production from China which resulted in surplus pellets in India leading to steep correction in ore prices by 37% during that period....