NMDC has reduced base prices for iron ore fines by up to INR 300/t and for lumps by up to INR 100/t for today’s auction from the Donimalai mines. The current floor price of fines (Fe 62%) is INR 2,122/t, while Fe 63% fines prices are at INR 2,215/t (basic, excluding royalty). The base price of lump (Fe 64%) stands at INR 2,660/t (basic, excluding royalty).
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