Tag: NMDC Iron Ore Prices

National Mineral Development Corporation (NMDC)- state controlled miner has cut iron ore prices by INR 90-220/MT for May’16. Fines prices have come down by INR 200/MT and lump prices have fallen by INR 100-220/MT. In Apr’16, the miner had raised iron ore prices by INR 140-270/MT. Following the price hike NMDC iron ore sales have reduced considerably. On the…