India: NMDC hikes iron ore base prices by over INR 300/t for its Donimalai auction

NMDC Karnataka has announced list prices of iron ore today from Donimalai mines. Revised prices for fines (-10mm, Fe 54% & Fe 59%) stand at INR 2,852/t and INR 3,859/t, up by INR 232/t and INR 317/t, respectively while lumps (10-40 mm, Fe 54% & Fe 59%) prices are at INR 2,942/t and INR 4,000/t, up by INR 225/t and INR 306/t. Prices include royalty, DMF and NMET.