NMDC has reduced prices of iron ore fines by 20% or Rs 500 per tonne to Rs 1,960 per tonne and lump ore prices by 6.1% or Rs 200 per tonne to Rs 3,050 per tonne. The reduction in prices is effective from April 18, 2015.
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.