Author: Nishtha Mukherjee

India: NMDC cuts iron ore prices by up to INR 500/t ($7/t)

Dec 28, 2021

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by

Nishtha Mukherjee

in Fines/Lumps

NMDC has cut iron ore prices further by INR 300-500/t today. Drop in prices in Odisha resulted in the lowering of offers. DR CLO (10-40mm, Fe 67%) – INR 5,690/t (-350/t) Baila lump (6-40mm, Fe 65.5%) – INR 4,900/t (-300/t) Baila fines (Fe 64%) – INR 4,060/t (-500/t) Prices are on FOR basis, excluding royalty…