NMDC: India's single largest iron ore producer and exporter,
presently producing about 30 million tons of iron ore has started revising its
iron ore prices month-on-month basis since October 2012.
To maintain this monthly course of price revision of iron ore,
NMDC is going to declare December iron ore prices in the board meeting to be
schedule on 6th December 2012.
NMDC has provided continuous discount in their October and November
prices on grounds of slash demand and falling steel prices. Sponge
manufacturers are seen in complaining NMDC in terms of quality of mined iron
ore. Though, it has been noticed that few big companies like RINL, SKS and
Essar are still lifting its ore from Chhattisgarh NMDC. But as per the sources quality
concerns are going to affect the December prices as well.
Leave a Reply