NMDC slashes iron ore rates by over 50%

摘要

State-run miner NMDC has slashed prices of iron ore fines by more than 52 per cent to Rs 1,460 per tonne for the current month as compared to Rs 3,060 a tonne in January this year as it faces subdued ore demand. The price of the higher grade iron ore (lumps) has been reduced by 41 per cent to Rs 2,500 per tonne for October 2015 compared to Rs 4,200 a tonne in January this year.