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29 Apr

Indian iron ore giant raises prices, demand positive

Indian iron ore major NMDC has hiked its iron ore fines and lump prices by INR 200/tonne ($2) and INR 300/t respectively for May, Kallanish reports. The miner has fixed prices of lump ore (10-40mm, Fe 65.5%) at INR 6,000/t ($72) and of iron ore fines (-10mm, Fe64%) at INR 5,260/t ($63) on an for basis from its Bacheli complex in Chhattisgarh, India. Prices include royalty, DMF (District Mineral Foundation) and NMET (National Mineral Exploration Trust) charges. T…
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