12
May
15:35
NMDC sharply lowers iron ore prices again
Indian state-owned iron ore producer NMDC has sharply reduced its domestic iron ore prices for the second successive month in its in its latest price announcement. This is also the third consecutive month of that the miner has lowered prices.
The price for 65% Fe 6-40mm lump ore falls to INR 2,250/ton [sic] ($29.91/ton), INR 400/ton lower than the previous list dated 4 April 2020. The price for 64% Fe 10mm fines also falls by INR 400/ton to INR 1,960/ton. The…
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Very good overview of the weekly steel market.
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