6 days ago
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.
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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
