06
Aug
12:25
NMDC cuts prices amid global downward trend
NMDC reduced its domestic iron ore prices for August deliveries by INR 300/tonne ($4) and INR 200/t ($3) for 65.5% Fe, 6-40mm lump ore, and 64% Fe up to 10mm fines, respectively.
The state-owned iron ore miner fixed its 65.5% Fe, 6-40mm lump ore, and 64% Fe up to 10mm fines prices at INR 7,150/t and INR 6,160/t respectively, Kallanish notes.
The above prices are excluding royalty, district mineral fund (DMF), national mineral exploration trust (DMET), cess, fores…
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Anonymous
Very good overview of the weekly steel market.
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