Inida's NMDC to Lower Iron Ore Prices for Oct

  • Friday, October 9, 2015
  • Source:ferro-alloys.com

  • Keywords:Iron Ore
[Fellow]Indian state-owned miner National Mineral Development Corporation (NMDC) has announced to lower its domestic prices for iron ore for October.
Indian state-owned miner National Mineral Development Corporation (NMDC) has announced to lower its domestic prices for iron ore for October.
 
After the announcement, its domestic prices for lump ore are at Rs 2,550/ton, dropping by 12.3% and those for fine ore will be cut by Rs 200/ton to Rs 1,460/ton. 
 
The company’s sales totaled 11.27 million tons during April to August, dropping by 17% compared to the same period of last year.
 
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