India’s largest iron ore producer – National Mineral Development Corporation (NMDC, Chhattisgarh) has kept prices unchanged for February deliveries, according to sources.
Miner had increased prices by upto 22% in January, post closure of five operational mines in Odisha.
Current offers for fines stands at Rs 2,760/t , baila lumps at Rs 3,100/t and DR CLO at Rs 3,600/t (ex- Chattisgarh Mines). Prices excluding 15% royalty, 4.5 % DMF and 1.5% NMET.
NMDC produced 24.23 MnT iron ore in first nine months of the current fiscal year. About 15.16 MnT was produced from Chattisgarh mines and 9.07 MnT from Karnataka.
SteelMint learned that prices have been rolled over amid better import parity and subdued sponge iron prices in Indian domestic market.
Leave a Reply