NMDC Revises Iron Ore Prices Upward Again; Baila Lump at ₹5,500, Fines at ₹4,700
The latest revision indicates an increase of ₹200 per tonne each in both major categories, reflecting sustained traction in the steel and raw materials market
NMDC Limited has announced a fresh upward revision in the prices of its key iron ore products, effective May 6, 2026, signaling continued firmness in domestic iron ore demand and improving realization for the state-owned mining major.
According to the revised price notification issued by the company, Baila Lump (65.5%, 10–40 mm) has been fixed at ₹5,500 per tonne, while Baila Fines (64%, -10 mm) will now cost ₹4,700 per tonne.
This marks yet another increase over the previous iron ore price revision announced on April 5, when NMDC had fixed Lump prices at ₹5,300 per tonne and Fines at ₹4,500 per tonne.
Revised NMDC Iron Ore Prices (w.e.f. May 6, 2026)
- Baila Lump (65.5%, 10–40 mm): ₹5,500/tonne
- Baila Fines (64%, -10 mm): ₹4,700/tonne
The latest revision indicates an increase of ₹200 per tonne each in both major categories, reflecting sustained traction in the steel and raw materials market.
Prices on FOR Basis, Taxes Extra
NMDC clarified that the above rates are on FOR (Free on Rail) basis and are exclusive of Royalty, DMF, NMEDT, Cess, Forest Permit Fee, Transit Fee, GST, Environmental Cess and other applicable statutory levies.
As such, the effective landed cost for buyers will be significantly higher depending on destination and taxation components.
Positive Signal for Revenue Realisation
The upward revision is expected to strengthen NMDC’s revenue realization in the first quarter of FY27, especially at a time when the miner is riding on record production momentum. The PSU recently crossed the landmark 50 million tonne annual iron ore production mark, reaffirming its leadership in India’s mining sector.
Market analysts believe the continued price firming also reflects healthy procurement by domestic steel manufacturers amid expectations of stronger infrastructure and construction demand.
NMDC’s iron ore pricing is considered a key benchmark for the domestic commodity market, and each revision is closely tracked by steelmakers, traders and institutional investors.
