India: NMDC cuts iron ore base price by around INR 400/t ($5/t) for its Donimalai auction

NMDC Karnataka has announced list prices of iron ore today from Donimalai mines. Revised prices of fines (-10 mm, Fe 59%) stand at INR 3,703/t ($44/t), down by INR 398/t ($5/t) while lumps (10-40 mm, Fe 59%) prices are at INR 4,268/t ($51/t), down by INR 383/t ($5/t). Prices include royalty, DMF and NMET.