India’s largest merchant miner NMDC has decreased iron ore base prices for auction from its Donimalai mines, SteelMint learnt from sources. Prices have fallen by around INR 200/t for iron ore fines and by around INR 500/t for lumps. The floor price for fines (Fe 65%) stands at INR 5,719/t, while that for iron ore lump (Fe 65%) is at INR 6,851/t (basic, excluding taxes).
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