NMDC slashes iron ore prices by 5-10% for February
NMDC reviews the price of its products every month. After holding the price of iron ore for July-October period, it had reduced the rate of lumps by Rs 200 per tonne for November.
Representational image File Photo dna Research & Archives
State-run NMDC has reduced iron ore prices by Rs 200-300 per tonne for the current month as weak global prices, which nosedived to five-and-a-half-year lows, are putting pressure on domestic rates.