India’s government-run miner NMDC Limited has hiked its prices of iron ore lumps and fines across all grades by INR 100/mt ($1.10/mt) for all deliveries effective immediately, company sources said on Tuesday, February 10.
Following the revision, the price of iron ore lumps (Fe content 67 percent, 10-40 mm) stands at INR 5,250/mt ($57.89/mt) ex-pithead and the price of fines (Fe content 64 percent and less than 10 mm) stands at INR 4,000/mt ($44.11/mt) ex-pithead.
All prices are exclusive of mandatory taxes and levies like the District Mineral Fund (DMF), the National Mineral Exploration Trust (DMET) cess and forest permit fees.
