{"id":440568,"date":"2021-10-06T12:01:27","date_gmt":"2021-10-06T06:31:27","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=440568"},"modified":"2021-10-06T12:01:27","modified_gmt":"2021-10-06T06:31:27","slug":"nmdc-cuts-iron-ore-prices-coking-coal-prices-remain-elevated","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/nmdc-cuts-iron-ore-prices-coking-coal-prices-remain-elevated\/","title":{"rendered":"NMDC cuts iron ore prices, coking coal prices remain elevated"},"content":{"rendered":"<p>India&#8217;s largest iron ore producer NMDC NSE -0.24 % has lowered prices by around Rs 250-Rs450 a tonne for October deliveries, marking the third reduction after back-to-back increases. Coking coal prices, however, remain elevated.<\/p>\n<p>\u201cDue to rising iron ore prices, which just softened and skyrocketing coking coal prices, Indian steel mills are witnessing a jump of at least Rs 9,000 &#8211; Rs 10,000 a tonne of increase in the cost of production,\u201d ArcelorMittal Nippon Steel India\u2019s chief marketing officer Ranjan Dhar told ET.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India&#8217;s largest iron ore producer NMDC NSE -0.24 % has lowered prices by around Rs 250-Rs450 a tonne for October deliveries, marking the third reduction after back-to-back increases. Coking coal prices, however, remain elevated. \u201cDue to rising iron ore prices, which just softened and skyrocketing coking coal prices, Indian steel mills are witnessing a jump of at least Rs 9,000 &#8211; Rs 10,000 a tonne of increase in the cost of production,\u201d ArcelorMittal Nippon Steel India\u2019s chief marketing officer Ranjan Dhar told ET.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[194,130,136],"tags":[],"class_list":["post-440568","post","type-post","status-publish","format-standard","hentry","category-coal-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/440568","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=440568"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/440568\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=440568"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=440568"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=440568"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}