India: NMDC hikes iron ore prices by upto INR 480/t ($6)

NMDC has raised iron ore prices further by upto INR 480/t today. Hike in iron ore prices in Odisha and pellet offers have resulted in hike in offers.

• DR CLO (10-40mm, Fe 67%) – INR 7,200/t (+480/t)
• Baila lump (6-40mm, Fe 65.5%) – INR 6,000/t (+400/t)
• Baila fines (Fe 64%) – INR 4,960/t (+400/t)
• Prices are on FOR basis, excluding royalty and taxes.