India’s state-run iron ore miner NMDC has kept domestic prices of lumps and fines unchanged for November deliveries, according to a company filing, following continuous price cuts since July this year.
NMDC has decided to maintain its price of iron ore lumps at INR 5950/mt ($80.40/mt) ex-pithead and also its price of fines at INR 4760/mt ($64.32/mt) ex-pithead effective for all deliveries from November 4.
The new prices are exclusive of royalty and mandatory payments to District Mineral Fund (DMF), National Mineral Exploration Trust (NMET), cess, forest permit fees and other statutory payments.
$1 = INR 74.00