National Mineral Development Corporation (NMDC), a state-run iron ore miner, has revised the prices of Iron Ore for the month of December, 2014. The state-owned company had reduce the prices of Lump Ore by Rs 200 a tonne to Rs 4200/WMT. The price revision was based on supply-demand factors.
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.