NMDC, India's largest iron ore producer keeps Iron ore lumps & fines prices unchanged for Feb.
Although experts did not see much reasons for NMDC to raise
Lumps prices, fines prices were expected to be revised looking at higher export
and global steel prices.
In January iron ore lumps prices were slashed by Rs 320/t (5.9%)
where as fines prices were kept unchanged
Currently, prices for iron ore lumps with 65% iron content stays at Rs 5,080 per tonne. Similarly, average price of fines, which
have iron content of less than 63%, stays at Rs 2,610 per tonne (Prices excluding
royalty and taxes).
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