NMDC shares dip over 2% as company cuts ore and fines prices in June
By Aman Shukla Published on June 4, 2025, 09:54 IST
NMDC Ltd shares fell over 2% in morning trade on Wednesday, June 4, after the company announced a reduction in prices of its iron ore products. The revised rates will take effect today. As of 9:50 AM, the shares were trading 2.21% down at Rs 69.13
The price of Baila Lump Ore (65.5%, 10-40mm) has been slashed to ₹6,300 per tonne, down from ₹6,440 in May. Similarly, the price of Baila Fines has been revised to ₹5,350 per tonne, compared to ₹5,500 last month.
This marks a reversal from the price hike implemented in May, when NMDC had raised ore prices by up to ₹440 per tonne — the first such increase since January 2025. The latest price cut is likely aimed at maintaining competitiveness amid fluctuating demand in the steel sector and global commodity markets.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
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