NMDC, the country’s top iron ore miner, has cut down prices for high-grade ore by 5.5 percent to Rs 1,700 per tonne as compared to the previous month. The prices of iron ore with effect from July 3, 2016 has been fixed for lump ore. However, prices of low-grade iron ore remain unchanged at Rs 1,460. These prices exclude royalty, DMF, NMET, cess, forest permit fee etc.
NMDC is a state-controlled mineral producer of the Government of India. It is fully owned by the Government of India and is under administrative control of the Ministry of Steel.
