India’s largest iron ore producer and exporter, National Mineral Development Corporation (NMDC), has lowered prices for both iron ore lump and fines.
According to a stock exchange filing, NMDC cut prices by INR 550 (USD 6.2) per ton for iron ore lump and INR 500 (USD 5.7) per ton for fines. The revised rates now stand at INR 5,550 (USD 63.2) per ton for lump ore (65.5pct Fe, 10-40 mm) and INR 4,750 (USD 54.1) per ton for fines (64pct Fe, 10 mm).
The above prices include royalty, DMF (District Mineral Foundation), and NMET (National Mineral Exploration Trust), but exclude cess, forest permit fees, transit charges, GST, environmental levies, and other applicable taxes.
With operations spanning three fully mechanized mines, two in Chhattisgarh and one in Karnataka, NMDC collectively produces approximately 35 mln tons of iron ore, cementing its status as a key player in India’s iron ore sector.
1 USD / 87.7 INR
