PSU miner NMDC has slashed iron ore prices by INR 400/t for fines and INR 1,200-1,300/t for lumps from 8 Dec’21 for auction from its Karnataka mines. The current floor price of fines (Fe 62%) stands at INR 3,427/t, while Fe 63% fines is priced at INR 3,599/t (basic, excluding royalty, DMF and NMET). The base price of lump (Fe 64%) is at INR 4,056/t (basic, minus royalty, DMF and NMET).
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