India’s NMDC raises iron ore prices by INR 500-800/t – sources

India’s largest and state-owned iron ore miner, NMDC, reported to have raised iron ore fines prices by INR 500/t and lump (DR CLO) prices by around INR 800/t for the rest of December, credible sources have reported SteelMint. The revised offers will be effective from 15 Dec’20. This is the eighth consecutive increase in prices by NMDC since Jul’20.