NMDC hikes iron ore prices

NMDC, which is India’s largest iron ore producer and focussed on the domestic market, had last reduced iron ore prices in March.

State-owned mining major NMDC on April 29 increased iron prices by Rs 400 per tonne for the lump ore variety and Rs 200 for a similar quantity of fines with effect from April 27.

Consequent to the revision, a tonne of lump ore will now cost Rs 6,200 and fines Rs 5,260.

The revision come a month after it has reduced iron prices by Rs 200 per tonne for the lump ore variety and Rs 250 for a similar quantity of fines.

These are FOR prices inclusive of royalty, DMF, NMET and exclusive of cess, forest permit fee, transit fee, GST, environment cess and other taxes, the company said in a filing.

NMDC, which is India’s largest iron ore producer and focussed on the domestic market, had last reduced iron ore prices in March. Shares of the company on April 29 closed 1.12 percent lower at Rs 254.90 apiece on the BSE.