NMDC Cuts Iron Ore Prices Amid Market Shifts

NMDC, a mining company, has lowered the prices of its iron ore.

This is happening because the price of iron ore around the world is going down, especially due to less demand from China.

NMDC is also trying to get money it is owed from other companies, which should help their finances.

The company had previously increased prices in January and will continue with formula-based pricing.

This new system might be a big change for NMDC.