NMDC has increased base prices for iron ore fines by up to INR 105/t and for lumps by up to INR 200/t for today’s auction from the Donimalai mines in Karnataka. The floor price of Fe 62% fines is INR 2,215/t, while Fe 63% fines price is at INR 2,312/t (basic, excluding royalty). The base price of lump (Fe 64%) stands at INR 2,854/t (basic, excluding royalty).
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