NMDC raises iron ore prices by ₹440 a tonne
State-owned miner National Mineral Development Corporation (NMDC) has raised iron ore prices by ₹440 per tonne effective May 1, 2025.
Baila Lump will cost ₹6,440 per tonne, while the same quantity of Baila Fines will come for ₹5,500, the company said, announcing the first price revision this fiscal. The prices were last revised on 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, India's largest iron ore producer said in a filing on Thursday (May 1, 2025).
The company had revised prices of the key raw material for steel seven times in FY25. Continuing with the ₹5,800 for Lumps and ₹5,060 for Fines, which it had announced effective March 21, 2024, NMDC had increased the prices four times during the fiscal.
During the revision effective May 28, 2024, the prices touched the highest for the fiscal at ₹6,450 and ₹5,610 respectively and remained in force for a little over month. The lowest during FY25 was ₹5,350 and ₹4,610 respectively and maintained for close to two months from August 7.
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