National Mineral Development Corporation (NMDC), a state-run iron ore miner, has revised the prices of Iron Ore for the month of May, 2014. The state-owned company has reduce the prices of Lump Ore for the month of May, 2014 by Rs 200 a tonne to Rs 4300/WMT while prices of Fines is fixed at Rs 2910/WMT.
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.