State-owned NMDC reduced base prices of iron ore by INR 1,160-1,200/t for both fines and lumps for its today’s auction from the Donimalai mines. The current floor price of fines (Fe 62%) is INR 2,398/t, while Fe 63% fines prices are at INR 2,504/t (basic, excluding royalty). The base price of lump (Fe 64%) stands at INR 2,757/t (basic, excluding royalty).
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