India: NMDC raises iron ore prices by up to INR 240/t ($3) for Aug’22

India’s largest merchant iron ore mining company, NMDC, has raised prices of lump ore by up to INR 200-240/t and fines by INR 100/t, effective from 11 August, SteelMint learnt from credible sources. The miner has fixed prices for lump iron ore (65.5%, 6-40mm) at INR 4,100/t, DR CLO (Fe 67%, 10-40mm) at INR 4,920/t and iron fines (64% – 10mm) at INR 2,910/t (FoR, excluding royalty, DMF & NMET).