India: NMDC cuts iron ore fines base price by around INR 200/t ($2/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 3,658/t ($44/t), down by INR 201/t ($2/t) while lumps (10-40 mm, Fe 59%) prices are at INR 4,153/t ($50/t), up by INR 153/t ($2/t). Prices include royalty, DMF and NMET.