NMDC, India's state owned and largest iron ore miner with an annual capacity of over 30 million tonnes likely to decide its iron ore prices in the board meeting which is scheduled on 3rd of April 2013.
NMDC has recently shifted to monthly pricing from quarterly pricing looking at high volatility in steel prices across the globe. NMDC had cut its iron ore lumps prices marginally by 2.2% where as kept its fines prices unchanged.
Current NMDC offers are
6-40mm (64%)= Rs 4,950
10-150mm (64%)= Rs 4,210
Fines(64%)= Rs 2,610/t
All prices excluding a royalty of 10% and taxes.
NMDC has also invited applications for a full time chairman, which is currently headed by an acting chairman Mr CS Verma, who eventually is also chairman of SAIL, India's largest steel plant.
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