NMDC slashes iron ore prices
State-owned miner NMDC reduced iron ore prices by ₹140 a tonne of Baila Lump and by ₹150 for the same quantity of Fines effective June 4.
The new, per tonne price of Baila Lump is fixed at ₹6,300, while that of Baila Fines at ₹5,350, the company said in a filing on Wednesday. It is the second month consecutively this fiscal India's largest iron ore producer revised prices. In May, it had raised iron ore prices by ₹440 per tonne to ₹6,440 for Baila Lump and ₹5,500 for Baila Fines.
In 2025, the latest revision is the third. NMDC had revised the prices effective January 9 to ₹6,000 and ₹5,060 respectively. These are FOR prices inclusive of royalty, DMF as well NMET and exclusive of cess, forest permit fee, transit fee, GST, environmental cess and other taxes.
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