India’s state-owned mining giant NMDC Limited has increased prices for iron ore lumps and fines effective May 6, 2026, according to market and company sources.
Under the latest revision:
- Iron ore lumps (67% Fe, 10–40 mm) increased by INR 250/mt, reaching INR 6,150/mt ($64.57/mt)
- Iron ore fines (64% Fe, below 10 mm) rose by INR 200/mt, reaching INR 4,700/mt ($49.35/mt)
The prices are quoted on an ex-pithead basis and exclude mandatory taxes and levies, including:
- District Mineral Fund (DMF)
- National Mineral Exploration Trust (DMET)
- Forest permit fees
The latest price revision reflects continued strength in India’s raw materials market and could influence steel production costs across the domestic industry.
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