NMDC slashes iron ore prices for second month in a row
Summary
- NMDC has reduced iron ore prices for the second consecutive month.
- This is the fifth price revision by NMDC in the current fiscal year.
- The lump ore price has fallen below the April 5 level of ₹5,300.
Key Facts
- · NMDC has slashed iron ore prices
- · Second consecutive month of price reduction
- · Fifth price revision in the current fiscal year
- · Lump ore price below ₹5,300
Why it matters
The price reduction can impact the steel industry and the overall economy.
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