Soon the board of NMDC would meet to review the price of iron ore it sells in the domestic market in line with the policy of the company to revise it every month.
Media reports suggest that the state-run miner could raise the price between Rs 200 and Rs 400 a tonne. The board would take into consideration factors such as demand and supply, prices elsewhere and the recent rise in international prices.
In the past two months, prices of iron ore in the international markets have risen significantly. Currently, it is traded at $140-145 a tonne, about 61 per cent higher than in September.
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