Shares of mining companies fell today as the prices of iron ore have hit 5-1/2 year low.
Sesa Sterlite plunged 2.9 per cent and NMDC dropped 2.2 per cent.
Iron ore hovered near its weakest level since 2009 amid plentiful supply and tepid demand from Chinese steel producers.
Bearish trend in global prices will impact the miners’ margins significantly, an analyst says.