NMDC has reduced iron ore lump prices by INR 350-420/MT, ROM prices by INR 300/MT and fines prices by INR 200/MT for Oct’15 deliveries.
NMDC, the state controlled miner has cut iron ore prices by INR 200-420/MT for Oct’15 deliveries. Reduced dispatches of iron ore, sufficient inventory and competitive imported offers might have forced the miner to cut prices.
NMDC Iron Ore Prices for Oct’15
| Size | Grade (Fe %) | Prices for Oct’15 | Change |
| 10-150 mm | 65 | 2,210 | -300 |
| 10-40 mm, DR CLO | 67 | 3,020 | -420 |
| 6-40 mm | 65 | 2,500 | -350 |
| Blue Dust/ Fines | 64 | 1,460 | -200 |
Prices in INR/MT excluding DMF@30% of royalty
Royalty@15% and other taxes extra
Source: SteelMint
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