State-owned NMDC reduced base prices of iron ore by INR 557-724/t for both fines and lump material for its upcoming auction scheduled today from the Donimalai mines. The current floor price of fines (Fe 62%) is INR 3,507/t, while Fe 63% fines prices are at INR 3,663/t (basic, excluding royalty). The base price of lump (Fe 64%) stands at INR 3,918/t (basic, excluding royalty).
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