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NMDC under pressure to cut iron ore prices for April

According to trade sources, the difference in ore prices between private miners and NMDC is currently Rs 850 a tonne

NMDC under pressure to cut iron ore prices for April

Dilip Kumar Jha Mumbai
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

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First Published: Mar 31 2018 | 1:02 AM IST

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