Tag: DMF

NMDC Iron Ore Prices for Oct’15 Post DMF Calculation

Oct 3, 2015

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by

Nishtha Mukherjee

in Uncategorized

Yesterday, NMDC reduced iron ore base prices by INR 200-420/MT for Oct’15. With DMF contribution and royalty, the effective iron ore price reduction made by the miner is INR 126-275/MT. National Mineral Development Corporation (NMDC), India’s single largest iron ore producer, yesterday announced a price cut of INR 350-420/MT on lump, INR 300/MT on ROM…