NMDC, the state-owned miner has reduced the prices of higher grade iron ore (lumps) by about 7% for the current month. The company has reduced iron ore lump prices for the fifth time since last October. After this reduction, iron ore lumps will be available in the range between Rs 4,600 and Rs 4,700 per tonne, while fines are currently being sold at Rs 2,610 per tonne.
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