 "NMDC retains prices at April level")
In April, the NMDC prices of iron ore lumps and fines stood at Rs 4,600 and Rs 2,610 per tonne respectively. It had slashed the price of lumps by about 7 per cent but did not change the price of fines last month.
In fact, from October 2012 onwards, NMDC had either reduced the iron ore prices on a monthly basis or kept them unchanged on account of subdued demand.
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