India: NMDC cuts iron ore base price by around INR 460/t ($5/t) for its Donimalai auction

National Mineral Development Corporation (NMDC), Karnataka, has announced list prices of iron ore today from Donimalai mines. Revised prices of fines (-10 mm, Fe 59%) stand at INR 3,300/t ($39/t), down by INR 403/t ($5/t) while lumps (10-40 mm, Fe 59%) prices are at INR 3,809/t ($45/t), down by INR 459/t ($5/t). Prices include royalty, DMF and NMET.