INDIA: Market anticipates NMDC to cut iron ore prices for Oct-Dec 

Indian steel manufacturers anticipate NMDC, India's largest iron ore producer to cut its prices for Oct-Dec quarter for domestic mills.

In an interview Mr Verma, NMDC acting chairman said that company decides prices on long term basis, so at times manufacturers may benefit and at times they may not.

On other hand manufacturers claim NMDC charging higher prices unjustified and expect prices to come down by at least 15-20% in next quarter.

July-September Prices

6-20mm= Rs 6,190/t

10-150mm=Rs 5,190/t

Fines=Rs 3,030/t

Ex Mines Prices, Excluding Royalty and Taxes.