India: NMDC hikes iron ore base price in Karnataka iron ore e-auctions

National Mineral Development Corporation (NMDC) has increased its floor prices by around INR 300/t in fines and INR 400/t in lumps. The base price of NMDC fines (Fe 62.1%) from Kumaraswamy mines is kept at INR 3,031/t and for Fe 62.1% lump is set at INR 3,838/MT. All prices mentioned are basic, royalty, and other taxes extra.


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