NMDC has kept iron ore prices unchanged for April after stiff price reductions in the last two months. In March, the company had reduced prices by Rs 300 per tonne of lumps or higher grade iron ore and by Rs 500 per tonne in fines to fix the prices at Rs 3,250 a tonne for lump ore and Rs 2,460 a tonne for fines in the current month. The company revises the price of its produce every month.
In February, the miner had slashed rates by Rs 450 a tonne in lumps and Rs 300 a tonne in fines. Compared to April last year, NMDC’s prices are lower by Rs 1,250 per tonne for lumps and Rs 450 a tonne for fines.
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.
