State-run NMDC revises the prices of its iron ore products effective August 8, 2026, following a regulatory disclosure to the stock market. The company sets separate rates for lump ore and fines, with the filing specifying that the listed figures exclude royalty and other levies, including GST and certain cesses and fees.
According to the disclosure, lump ore (65.5%, 10–40 mm) is fixed at Rs 5,250 per tonne, down from Rs 5,450 per tonne in July. Fines (64%, -10 mm) are priced at Rs 4,500 per tonne, reduced from Rs 4,700 per tonne in July. The Economic Times links the revision to recent production updates, including NMDC’s reported best-ever July performance, while Business Line notes ongoing production momentum through April–July 2026.
NMDC also highlights broader activity beyond iron ore, including discussions with senior officials in Argentina to explore investment and partnership opportunities in copper and other strategic minerals. Sources largely align on the effective date and the specific price reductions.
