 "Photo courtesy: www.nmdc.co.in")
Government-owned miner NMDC Ltd has raised iron ore prices by up to 6.72 per cent in anticipation of an increase in steel prices.
With effect from Tuesday, NMDC raised the prices of iron ore fines by Rs 125-1,985 a tonne. Similarly, the prices of iron ore lumps have been hiked by Rs 125-2,225 a tonne.
In its last revision on November 29, the company had raised the prices of fines by Rs 100 a tonne but kept lumps prices unchanged.
“The current iron ore price rise is driven purely by a sharp increase in lifting
With effect from Tuesday, NMDC raised the prices of iron ore fines by Rs 125-1,985 a tonne. Similarly, the prices of iron ore lumps have been hiked by Rs 125-2,225 a tonne.
In its last revision on November 29, the company had raised the prices of fines by Rs 100 a tonne but kept lumps prices unchanged.
“The current iron ore price rise is driven purely by a sharp increase in lifting
