National Mineral Development Corporation (NMDC) has increased its floor prices for iron ore auction by around INR 250/t in fines and INR 300/t in lumps, SteelMint learnt from sources. The base price of fines (Fe 60.8%) from Kumaraswamy mines is kept at INR 2,001/t (basic), against the last e-auction at INR 1,767/t. The price for Fe 63% lump is set at INR 3,018/t (basic) as against previous e-auction price at INR 2,744/t. All prices mentioned are basic, royalty, and other taxes extra.
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