NMDC may announce 10-15% price cuts for January-March quarter

MUMBAI: State owned NMDC may announce price cut of 10-15 per cent today for Jan-March quarter, say analysts.

The company currently sells iron-ore lumps at Rs 5000/tonne and the price cut may benefit customers like JSW Steel.

Shares of NMDC were at Rs 191.35, up 2.52 per cent and JSW Steel moved 3.25 per cent higher on the BSE.