Indian state-run iron ore miner NMDC has dropped its iron ore lumps and fines quotes by INR 300/tonne ($3.63) and INR 450/t respectively for June deliveries, Kallanish notes.
Effective 29 May, NMDC has pegged its 65.5% Fe, 6-40mm lump ore, and 64% Fe up to 10mm fines prices at INR 3,900/t and INR 3,560/t, respectively. The above prices exclude royalties, district mineral fund, national mineral exploration trust, cess, forest permit fee, and other taxes.
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