India’s largest merchant miner NMDC rolled over iron ore prices at today’s advanced auction from Kumarswamy mines, as per SteelMint reports. The floor price for fines (Fe 62%) stands at INR 5,372/t. For Fe 63%, base prices are at INR 5,628/t (basic, exclusive of Royalty, DMF & NMET). The base price of iron ore lump (Fe 64%) is at INR 7,355/t (basic, exclusive of Royalty, DMF & NMET). Notably the miner has kept prices unchanged from Chhattisgarh mines.
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