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    <title>NMDC cuts rates of iron ore lump by Rs 600/tonne, fines by Rs 500 per tonne</title>
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    <description>NMDC implemented immediate price reductions for iron ore effective July 1, cutting lump and fines rates and setting new per-tonne prices that are inclusive of royalty, district mineral fund and National Mineral Exploration Trust charges but exclusive of cess, forest permit fee, transit fee, GST, environmental cess and other taxes; the revision is contextualised by falling domestic steel indices and weak auction demand.</description>
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