State-owned miner NMDC has decided to retain the prices of iron ore fines and lumps for this month at the level of last month. NMDC stated that a decision to this effect was taken at its board meeting held on Friday.
In April, the NMDC prices of iron ore lumps and fines stood at Rs 4,600 and Rs 2,610 per tonne respectively. It had slashed the price of lumps by about 7 per cent but did not change the price of fines last month.
In fact, from October 2012 onwards, NMDC had either reduced the iron ore prices on a monthly basis or kept them unchanged on account of subdued demand.
In April, the NMDC prices of iron ore lumps and fines stood at Rs 4,600 and Rs 2,610 per tonne respectively. It had slashed the price of lumps by about 7 per cent but did not change the price of fines last month.
In fact, from October 2012 onwards, NMDC had either reduced the iron ore prices on a monthly basis or kept them unchanged on account of subdued demand.