India’s largest merchant and govt-owned iron ore miner, NMDC has raised prices for Jan’21, SteelMint learned from credible sources. The price of Baila lump has increased by INR 500/t ($7), DR-CLO by INR 580/t ($8), and that of fines by INR 200/t ($3). Increased sales in Dec’20 and rise in steel prices have resulted in iron ore price hike. The miner had raised prices twice in Dec’20.
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