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Monday, February 20, 2012

NMDC cuts iron ore fines prices by 20pct - Report

Monday, 20 Feb 2012

BS reported that NMDC has cut prices of fines and lumps by 20% and 3 per cent respectively in the light of fall in international prices of ore.

NMDC sources told Business Standard that the price of iron ore fines and lumps now would be around INR 2,600 and INR 5,000 a tonne.

Previously, NMDC was selling fines at INR 3,380 a tonne and lumps at INR 5,100.

(Sourced from Reuters)

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