India’s largest merchant miner NMDC has decreased iron ore base prices for auction from Kumarswamy mines, SteelMint learned from sources. Prices have fallen by around INR 200/t in both lump and fines. The floor price for fines (Fe 62%) stands at INR 5,189/t and that for iron ore lump (Fe 64%) is at INR 7,061/t (basic, excluding taxes).
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