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PrintMr Rana Som chairman of NMDC said in a telephone interview that NMDC Limited has reportedly raised contract prices of the steelmaking material by as much as 40%. The prices of fines have been increased by as much as 10.5% while that of lumps were raised by as much as 40%.
Earlier, the iron ore major has announced that it is looking at up to 97% hike in prices for exports.
Company's upward price revision for exports comes at a time when there is a slump in demand for steel, following which the prices have declined by over 30% to 70%.
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