{
  "id": 303307,
  "title": "NMDC cuts iron ore prices from August 8",
  "url": "https://urgent.news/2026/08/08/nmdc-cuts-iron-ore-prices-from-august-8",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-08T09:29:23.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/commodities/nmdc-cuts-iron-ore-prices-from-august-8/article71321119.ece"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "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.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}