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
NMDC, a Ministry of Steel-owned entity, has adjusted its iron ore pricing as of August 8, 2026. The new prices for Lump Ore (65.5% iron content, 10-40 mm) are set at ₹5,250 per tonne, a reduction from ₹5,450 per tonne in July. Likewise, the price for Fines (64% iron content, less than 10 mm) has dropped to ₹4,500 per tonne from ₹4,700 per tonne.
These revised prices exclude additional costs such as royalty, DMF, NMEDT, Cess, and others. NMDC's production surge in July, up 31% year-on-year to 4.06 million tonnes, and total production for the April-July 2026 quarter of 19.16 million tonnes, led to the price revision. The company also strengthened its international presence by holding talks in Argentina with officials about potential investments and partnerships in copper and other strategic minerals.
Written by urgent.news from Hindu BusinessLine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
