India’s largest merchant and govt-owned iron ore miner, NMDC has announced a price hike of 30% in fines and 10% in lumps w.e.f 12th May, SteelMint learned from credible sources. Rising global iron ore prices and recent price hikes announced by merchant miners in Odisha are the key reasons behind this hike. The revised NMDC offers are as follows :
- DR-CLO (10-40 mm, Fe 67%) – INR 8,880 (+810)
- Baila lump (6-40mm, Fe 65.5%) – INR 7,650 (+700)
- Baila fines (Fe 64%) – INR 6,560 (+1,500)
- FoR prices on per tonne basis, Royalty & taxes extra
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