Indian government-run miner NMDC Limited has hiked prices for iron ore lumps and fines with immediate effect, company sources said on Wednesday, May 6.
The sources said that the price of iron ore lumps (Fe content 67 percent, 10-40 mm) has been increased by INR 250/mt ($3/mt) to INR 6,150/mt ($64.57/mt) ex-pithead, while the price of iron ore fines (Fe content 64 percent, less than 10 mm) has been hiked by INR 200/mt ($2/mt) to INR 4,700/mt ($49.35/mt) ex-pithead.
All prices are exclusive of mandatory taxes and levies like District Mineral Fund (DMF), National Mineral Exploration Trust (DMET) cess and forest permit fees.
