The country's largest miner has decided to review prices every month now, instead of once every three months

Local steel makers were in for a surprise when NMDC Ltd, the country’s largest iron ore miner and supplier to most steel and sponge iron makers, announced a cut of up to 11 per cent in iron ore rates. However, NMDC has decided to review prices every month now, instead of once every three months, which was its earlier practice. This 2-11 per cent cut is valid only for October.