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NMDC Keeps Iron Ore Prices Unchanged for January

After holding the price of iron ore for July-October period, NMDC had reduced the rate of lumps by Rs 200 per tonne for November. Again in December, it reduced the price of lumps by Rs 200 per tonne and Rs 100 per tonne for fines.
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NMDC Keeps Iron Ore Prices Unchanged for January

New Delhi: State-run iron ore miner NMDC has kept its prices for the month unchanged even as sales moved up slightly during the April-December period.

The largest producer of the steel-making raw material in the country, in a BSE filing, said that it has rolled over the prices of the last month to January, 2015.

As a result, the price of lump ore, mostly consumed by domestic steel makers, remained at Rs 4,200 per tonne while low-iron content fines would continue to cost Rs 3,060/tonne.

NMDC reviews the price of its products every month.

After holding the price of iron ore for July-October period, NMDC had reduced the rate of lumps by Rs 200 per tonne for November. Again in December, it reduced the price of lumps by Rs 200 per tonne and Rs 100 per tonne for fines.

Meanwhile, sales of the company during the April-December period of the current fiscal stood at 22.83 million tonnes compared to 21.10 million tonnes in same period a year ago.

The company produced 22.50 million tonnes iron ore during the period against 20.17 million tonnes a year ago.

Shares of NMDC fell 0.48 per cent to Rs 146.35 apiece on the BSE, whose benchmark Sensex closed 0.16 per cent down



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