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15 Sep

NMDC increases September iron ore prices

Indian state-run iron ore miner NMDC has increased its iron ore lumps and fines quotes each by INR 300/tonne ($3.61) for September deliveries, Kallanish notes. Effective 14 September, NMDC has pegged its 65.5% Fe, 6-40mm lump ore, and 64% Fe up to 10mm fines prices at INR 4,950/t ($60.31) and INR 4,210/t, respectively. It also tagged its 67% Fe ore DR CLO and BCHL ROM prices at INR 6,270/t and INR 4,870/t, respectively. The above prices are inclusive of royalties…
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