Indian government-run miner NMDC Limited has cut prices of all grades of iron ore with immediate effect for July deliveries, company sources said on Tuesday, July 1.
The company has set the price of iron ore lumps (10-40 mm, Fe content of 67 percent and above) at INR 6,400/mt ($75/mt), a reduction of INR 650/mt ($8/mt), and the price of iron ore fines (less than 10 mm, Fe content of 64 percent and below) at INR 4,850/mt ($62/mt), a drop of INR 500/mt ($6/mt).
All prices are inclusive of mandatory levies like District Mineral Fund (DMF), National Mineral Exploration Trust (DMET) cess and forest permit fees.
