India’s largest merchant and state-owned iron ore miner, NMDC has increased iron ore prices by INR 150-170/t, SteelMint learned from credible sources. Revised offers for DR-CLO (Fe 67%) stands at INR 4,180/t and that of Baila fines (Fe 64%) is at INR 3,310/t FoR, taxes extra. Hike in Odisha iron ore prices and pellet offers have attributed to increase in NMDC prices.
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