Author: Nishtha Mukherjee

India: NMDC cuts iron ore prices by up to INR 870/t for Dec’21

Nov 30, 2021

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by

Nishtha Mukherjee

in Fines/Lumps

NMDC has cut iron ore prices sharply by INR 200-870/t for Dec’21 deliveries, SteelMint learnt from sources. Competitive pellet offers, dull response at recent auction, and declining prices in Odisha resulted in lowering of offers. DR CLO (10-40mm, Fe 67%) – INR 6,040/t (-870) Baila lump (6-40mm, Fe 65.5%) – INR 5,200/t (-750) Baila fines…