India: NMDC hikes iron ore prices by up to INR 360/t ($4/t)

India’s largest merchant iron ore miner, NMDC, has raised its list prices of iron ore by up to INR 360/t ($4/t) today.

• Baila lump (6-40mm, Fe 65.5%) – INR 4,100/t (+300/t)
• DR CLO (10-40mm, Fe 67%) – INR 4,920/t (+360/t)
• Baila fines (Fe 64%) – INR 2,910/t (+300/t)
• Prices are on FOR basis, excluding royalty and taxes.