India Steel Market Watch
November 5: NMDC has slashed lumps prices by Rs 80-100 per ton but raised fines prices by Rs 100 per ton, according to information available with ISMW.
NMDC has announced that lump ore prices have been fixed at Rs 2,400 WMT (wet metric ton) and fines at Rs 1,560 wmt respectively with effect from November 3, 2015. The above prices are excluding royalty, taxes, duties and levies.
NMDC has reported 15.09 million tons (mt) of iron ore production and logged sales volumes of 15.73 mt up to October 2015. The iron ore major stated that the company’s Chhattisgarh mines produced 8.59 mt and registered sales volumes of 8.89 mt while the Karnataka mines produced 6.5 mt and sold 6.83 mt up to October 2015.