India’s largest merchant and govt-owned iron ore miner, NMDC has slashed prices for Feb’21, SteelMint learned from credible sources. The prices of Baila lump and fines have come down by INR 600/t ($8) and that of DR-CLO by INR 700/t ($10). The decline in Odisha iron ore prices, fall in pellet offers and limited participation in NMDC’s Chhattisgarh iron ore auction have resulted in price cut. Notably, the miner has cut prices after a gap of nine months.
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