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Iron ore lumps will now be available at Rs 4,300 a tonne and fines at Rs 2,510 per tonne.
NMDC's Director (Technical) N K Nanda said here the company's board today approved the reduction in the price of iron ore while leaving the price of fines unchanged.
Iron ore lumps are of a higher grade, with Fe content of 63-65%. Fines are of lower grade, with Fe content of less than 60%.
NMDC shares were up 0.69% at Rs 95.50 on the BSE at 1410 hours.
