06
Sep
15:18
NMDC slashes ore prices amid global slump
NMDC substantially reduced its domestic iron ore prices for September deliveries each by INR 1,000/tonne ($13.68/t), for 65.5% Fe, 6-40mm lump ore, and 64% Fe up to 10mm fines.
The state-run iron ore miner pegged its 65.5% Fe, 6-40mm lump ore, and 64% Fe up to 10mm fines prices at INR 6,150/t and INR 5,160/t respectively, Kallanish notes.
The above prices are excluding royalty, district mineral fund (DMF), national mineral exploration trust (DMET), cess, forest p…
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Anonymous
Very good overview of the weekly steel market.
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