Steel Bucket Raw Material Information: India's NMDC Company Cuts Iron Ore Prices

The National Mining Development Corporation of India (NMDC) recently announced a reduction in domestic iron ore prices, the first adjustment since October 23, 2024, after prices remained stable for two consecutive months. The price reduction reflects the current situation of sluggish steel demand and weak market sentiment. According to NMDC's announcement, the company has reduced the price of iron ore by 350 Indian rupees per ton (about 4 US dollars). The adjusted price is: iron ore lump (iron content 65.5%, particle size 10-40 mm) 6000 Indian rupees per ton.