NMDC has increased its iron ore prices by INR 150/tonne ($2) on-month, Kallanish notes.

Effective 4 November, the Indian miner is charging INR 3,600/t ($48) for 65.5% Fe, 6-40mm lump ore and INR 3,310/t for 64% Fe up to 10mm fines. Prices are on an for basis and exclude all fees and taxes.

In October NMDC saw sales fall -3% on-year to 2.52 million tonnes, while output was down -2% to 2.43mt.

In April-October sales and production thus fell -10% and -8% respectively on-year to 15.43mt and 14.66mt.

Last month the Indian government gave its “in-principle” approval to the demerger of Nagarnar Steel Plant (NSP) from NMDC and divestment of the entire government stake in the prospective steelworks (see Kallanish passim).