Mumbai: State-run NMDC Ltd has slashed the prices of iron ore lumps for January by 5.8%, disclosed a senior official from the company. However, the company has not made any amendments or modification over the prices on fines levied.
Owing to the prevailing mining crisis, India’s steel majors involving JSW Steel and Essar Steel source iron ore from the PSU entity, particularly for the operations in states like Karnataka. The PSU holding about 15% share in the iron ore mined, currently enjoys more than 40% market share.
EPC News Bureau
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