India’s NMDC increases iron ore fines, lump prices on strong post-monsoon demand

India’s state-owned miner National Mineral Development Corp (NMDC) has increased its iron ore fines and lump prices twice in the third quarter so far, mainly because of strong domestic demand after the monsoon season, sources told Fastmarkets.

According to an official notice to customers, NMDC’s iron ore fines price increased to 4,210 rupees ($50.58) per tonne in September, from 3,910 rupees per tonne in August, while its...


Shu Yi Zheng

September 19, 2023

10:44 GMT