State-owned National Mineral Development Corporation (NMDC) has hiked its iron ore prices by Rs 200 a tonne for December. The price hike is in line with the global pricing of the ore and domestic demand-supply scenario.
The company has increased the prices of lumps and fines both. At present, the prices are Rs 4,500 a tonne for lumps and Rs 2,810 a tonne for fines.
The company had hiked the prices by Rs 100 a tonne in October. The October spike had come after several months of iron ore prices being either unchanged or cut.
NMDC is a state-controlled mineral producer of the Government of India. It is fully owned by the Government of India and is under administrative control of the Ministry of Steel.
The company has increased the prices of lumps and fines both. At present, the prices are Rs 4,500 a tonne for lumps and Rs 2,810 a tonne for fines.
The company had hiked the prices by Rs 100 a tonne in October. The October spike had come after several months of iron ore prices being either unchanged or cut.
NMDC is a state-controlled mineral producer of the Government of India. It is fully owned by the Government of India and is under administrative control of the Ministry of Steel.
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