The state owned iron ore miner NMDC might reduce its prices for Iron ore lumps in next quarter.
Prices may go down by Rs 150-200/MT looking at the sluggish in the steel market, says the President of Sponge Manufacturer Association of Raipur.
Rising prices of coking coal in domestic market and higher prices iron ore from private miners in Orissa are hurting margins for steel industry in Chhattisgarh, he added.
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