India: NMDC hikes iron ore prices by upto INR 680/t ($9)

NMDC has raised iron ore prices further by upto INR 680/t today. Hike in prices in Odisha resulted in hike in offers.

• DR CLO (10-40mm, Fe 67%) – INR 6,720/t (+680/t)
• Baila lump (6-40mm, Fe 65.5%) – INR 5,600/t (+400/t)
• Baila fines (Fe 64%) – INR 4,560/t (+300/t)
• Prices are on FOR basis, excluding royalty and taxes.