NMDC Raises Lump Iron Ore Price by Rs 150 to Rs 5,400 Per Tonne
The increase comes amid tighter iron ore availability in the domestic market
NMDC Limited has increased the price of lump iron ore by Rs 150 per tonne, taking the rate to Rs 5,400 per tonne with effect from September 9, 2026. The company has, however, kept the price of iron ore fines unchanged at Rs 4,500 per tonne.
The latest revision applies to lump ore with 65.5% iron content in the 10-40 mm size category. The revised rate marks an increase of around 2.9% from the previous price of Rs 5,250 per tonne announced by NMDC in its August 8 price revision.
NMDC Iron Ore Prices
Under the latest price revision, NMDC has fixed the rate of lump ore at Rs 5,400 per tonne, while fines with 64% iron content and below 10 mm size continue to be priced at Rs 4,500 per tonne. The company said the prices are effective from September 9.
The prices announced by NMDC are FOR (free on rail) rates and do not include royalty, District Mineral Foundation (DMF), National Mineral Exploration Trust (NMEDT) contributions, cess, forest permit fee, transit fee, GST, environmental cess and other applicable taxes.
Why NMDC Raised Lump Ore Prices
The increase comes amid tighter iron ore availability in the domestic market. Industry analysts cited monsoon-related disruptions to mining and dispatches, particularly in major producing regions, along with improving sentiment in the steel market. The combination has provided room for higher prices for high-grade iron ore.
NMDC is India’s largest iron ore producer and supplies a significant share of the country’s requirement for steelmaking. The company operates major mechanised mining complexes in Chhattisgarh’s Bailadila sector and Karnataka’s Donimalai sector.
Fines Price Remains Unchanged
While the lump ore price has been raised, NMDC has maintained the fines rate at Rs 4,500 per tonne. This means the latest pricing action is focused on the higher-grade lump ore segment rather than representing a broad-based increase across its iron ore portfolio.
The move will be closely watched by domestic steel producers because iron ore is a key raw material in steel manufacturing. Changes in NMDC’s benchmark prices can influence raw-material costs across the steel value chain.
