NMDC cuts iron ore prices from August 8
The company's cumulative production during April-July 2026 stood at 19.16 MT, while sales were at 15.15 MT, reflecting sustained operational momentum
The Ministry of Steel-owned NMDC has revised its iron ore product prices, effective from August 8, 2026. The new prices for Lump Ore (65.5 per cent, 10-40 mm) are ₹5,250 per tonne, down from ₹5,450 per tonne in July, while Fines (64 per cent, -10 mm) are priced at ₹4,500 per tonne, reduced from ₹4,700 per tonne. These price revisions, which exclude various taxes and fees, come after NMDC reported its best-ever July production performance, with a 31 per cent year-on-year increase to 4.06 million tonnes.
The company's cumulative production during April-July 2026 was 19.16 million tonnes, with sales at 15.15 million tonnes. NMDC has also been exploring investment and partnership opportunities in copper and other strategic minerals internationally.
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