NMDC on Tuesday increased the price (per tonne) of iron ore lumps by ₹700 and fines by ₹500, the second upward revision this month and the fourth since November by the public sector miner.
Lump ore price has been fixed at ₹5,200 a tonne and the fines at ₹4,610 a tonne, with effect from December 15, it said in a regulatory filing.
On December 4, the prices were set at ₹4,500 for lump ore and ₹4,110 for the fines. Compared to the prices it had fixed on November 4, the latest change is an increase of ₹1,600 for a tonne of lump ore and ₹1,300 for the same quantity of fines. These are FOR prices and exclude royalty, DMF, NMET, cess, Forest Permit Fee and other taxes.
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