New Delhi: NMDC Limited has increased the price of lump iron ore by ₹150 per tonne, taking the revised rate to ₹5,400 per tonne with effect from September 9, 2026. However, the company has kept the price of iron ore fines unchanged at ₹4,500 per tonne.
The latest price revision applies to lump iron ore with 65.5% iron content in the 10-40 mm size category. The revised price represents an increase of around 2.9% from the previous rate of ₹5,250 per tonne announced by NMDC in its August 8 price revision.
NMDC Revises Lump Iron Ore Price
Under the latest pricing structure, NMDC has fixed the following rates:
- Lump ore: ₹5,400 per tonne
- Iron content: 65.5%
- Lump size: 10-40 mm
- Iron ore fines: ₹4,500 per tonne
- Fines iron content: 64% and below
- Fines size: Below 10 mm
- Effective date: September 9, 2026
The company has specifically raised the price of lump ore while retaining the existing rate for fines.
Read also: NMDC Signs 4-Year MoU with Steel Exchange India for Long-Term Iron Ore Supply
NMDC Prices Exclude Royalties and Applicable Taxes
NMDC said the announced prices are FOR (Free on Rail) rates.
The rates do not include several statutory charges and applicable taxes, including:
- Royalty
- District Mineral Foundation (DMF) contributions
- National Mineral Exploration Trust (NMEDT) contributions
- Cess
- Forest permit fee
- Transit fee
- GST
- Environmental cess
- Other applicable taxes
Why NMDC Increased Lump Ore Prices
The increase in lump ore prices comes amid tighter availability of iron ore in the domestic market.
Monsoon-related disruptions to mining and dispatch operations in major producing regions have affected supply conditions. At the same time, improving sentiment in the steel market has supported demand for iron ore.
The combination of tighter availability and improved steel-market sentiment has created room for higher prices, particularly for higher-grade lump iron ore.
Iron Ore Fines Price Remains Unchanged
While NMDC has increased the price of lump ore, it has maintained the fines price at ₹4,500 per tonne.
This indicates that the latest pricing action is focused on the higher-grade lump ore segment rather than being a broad-based increase across NMDC’s iron ore portfolio.
The price movement is expected to be closely monitored by domestic steel producers, as iron ore is a key raw material used in steel manufacturing.
NMDC’s Iron Ore Prices May Impact Steel Industry Costs
NMDC is one of India’s major iron ore producers and supplies a significant share of the country’s iron ore requirements for steelmaking.
Changes in NMDC’s benchmark iron ore prices can influence raw material costs across the domestic steel value chain.
The company operates major mechanised mining complexes in Chhattisgarh’s Bailadila sector and Karnataka’s Donimalai sector.
About NMDC Limited
NMDC Limited is a Navratna public sector enterprise under the Ministry of Steel and is one of India’s leading iron ore producers. The company is engaged in the exploration and production of iron ore and operates major mining complexes in Chhattisgarh and Karnataka.
