India’s largest iron ore producer, National Mineral Development Corporation (NMDC), has raised prices for both iron ore lump and fines by INR 100 (USD 1.1) per ton, according to a stock exchange filing.
Under the revised pricing, 65.5pct Fe lump ore (10-40 mm) is priced at INR 4,700 (USD 51.8) per ton, while 64pct Fe fines (less than 10 mm) are offered at INR 4,000 (USD 44) per ton.
The prices are quoted on an FOR (free on rail/road) basis and exclude royalty, District Mineral Foundation (DMF) and National Mineral Exploration Trust (NMET) levies, cess, forest permit fees, transit charges, GST, environmental charges 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 / 90.7 INR
