State-owned NMDC has raised its high-grade iron ore price by Rs 150 per tonne. The company fixed the lump ore price at Rs 5,400 per tonne, effective immediately. No changes were made to the rate of iron ore fines by NMDC. Monsoon disruptions have reduced India’s iron ore production and availability. This tightening supply and improving steel sentiment supported the price increase.
Read more at the source
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and credits belong to the original authors and publishers.