Millennium Post

NMDC raises iron ore lump prices; first hike since June 2014

NMDC has raised the lump price by a little over 8 per cent to Rs 1,950 per tonne effective March 11, its first hike for the higher grade of the ore in over one-and-a-half years. 

The state-run firm also raised prices for iron ore fines by 10 per cent to Rs 1,710 per tonne for this month. Last time, NMDC had raised the prices of fines in November 2015. 

The PSU miner had raised iron ore lump prices by Rs 300 to Rs 4,500 per tonne in June 2014. In the case of fines, the rates were hiked by Rs100 to Rs1,560 a tonne in November 2015. 
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