 "iron ore")
Government-owned miner NMDC might cut iron ore prices by Rs 500-700 a tonne for the month of April, to align prices of the steelmaking raw material in India and abroad.
For March, NMDC had cut these prices by a mere Rs 100 a tonne across both lumps and fines, to Rs 3,000 a tonne and Rs 2,660 a tonne, respectively. It had raised prices substantially after a Supreme Court order to shut mines in Odisha with annual capacity of 25 million tonnes. This resulted in a supply shortage.
Since then, a majority of these Odisha mines have recommenced
For March, NMDC had cut these prices by a mere Rs 100 a tonne across both lumps and fines, to Rs 3,000 a tonne and Rs 2,660 a tonne, respectively. It had raised prices substantially after a Supreme Court order to shut mines in Odisha with annual capacity of 25 million tonnes. This resulted in a supply shortage.
Since then, a majority of these Odisha mines have recommenced
