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NMDC may increase iron ore prices for July-September quarter

19 Jul 2012 Evaluate

NMDC is likely to increase prices of lumps and fines by 8-10% for the July-September quarter, despite global iron ore prices remaining stable in the last few weeks. It has more scope now to shield its prices from global trends, as its new pricing mechanism is based on domestic demand-supply dynamics instead of the earlier export parity formula.

The company had injected a similar hike for the last quarter, with the increase ranging from Rs 250 to Rs 400 a tonne. Higher grade iron ore lumps are currently priced at about Rs 5,400 a tonne, while fines have a price tag of about Rs 2,800.

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.

NMDC Share Price

88.50 0.05 (0.06%)
22-Apr-2026 14:42 View Price Chart
Peers
Company Name CMP
Coal India 444.85
NMDC 88.50
GMDC 691.55
Sandur Manganese 213.70
MOIL 325.35
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