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NMDC Hikes Iron Ore Prices Again

Steel News - Published on Thu, 13 Aug 2020

Image Source: NMDC Iron Ore Prices
India’s largest iron ore miner NMDC, after increasing prices by INR 200 on July 31st, has again increased the price of iron ore lumps by INR 300 to INR 2,950 per tonne and that of iron ore fines by INR 300 to INR 2,660 a tonne effective from August 12, 2020, up by 31% & 37% respectively since July beginning. This move follows pick up in steel production in India after COVID19 unlocking and gets support from booming global prices of about USD 120 CFR Qingdao for benchmark Australian 62% fines.

NMDC Iron Ore Price Trend
SizeLumpsFines
Change31%37%
Change700720
W3329502660
W3226502360
W3126502360
W3024502160
W2924502160
W2822501940
 

The prices exclude royalty, District Mineral Fund, National Mineral Exploration Trust, cess, forest permit fee, and other taxes, the company said.

Source :

Posted By : Yogender Pancholi on Thu, 13 Aug 2020
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