12
Jul
15:43
NMDC slashes prices amid fall in steel prices
NMDC reduced its domestic iron ore prices by INR 200/tonne ($2.68/t) amid a fall in steel prices and a decline in bids at Odisha mining corporation’s auction, Kallanish notes.
The state-owned miner pegged its 65.5% Fe, 6-40mm lump ore and 64% Fe up to 10mm fines prices at INR 7,450/t and INR 6,360/t respectively.
“The above prices are excluding royalty, district mineral fund (DMF), national mineral exploration trust (DMET), cess, forest permit fee, an…
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Anonymous
Very good overview of the weekly steel market.
Anonymous