India’s NMDC Limited has cut prices of iron ore lumps and fines, effective immediately, for all deliveries.
The price of iron ore lumps (10–40 mm, 67% Fe) has been reduced by INR 650/mt ($7/mt) to INR 6,200/mt ($70.67/mt), while iron ore fines (below 10 mm, 64% Fe) now stand at INR 4,750/mt ($54.14/mt), down INR 500/mt ($6/mt).
All prices are ex-pithead and include levies such as the District Mineral Fund (DMF), National Mineral Exploration Trust (NMET) cess, and forest permit fees.
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