SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

NMDC keeps iron ore prices for September unchanged

10 Sep 2013 Evaluate

NMDC, a state-owned iron ore producer, amid continuous slump in demand has kept prices unchanged for both the varieties of ore - lumps and fines - for the current month. The iron ore lumps will be sold at Rs 4,200 a tonne and fines at Rs 2,510 per tonne. The largest domestic producer of iron ore, in past one year, has either reduced the ore prices on a monthly basis or kept them unchanged as demand has been subdued.

Besides, the slowdown in Indian economy also had a trickle down effect on the market as growth in steel demand has been subdued due to end-users such as construction, automobiles and fast moving consumer durables running below their optimum capacities. This has led to continuous slump in iron ore demand, thereby affecting the profits of the company.

NMDC has a total production capacity of 32 MT per annum at its mines in Chhattisgarh and Karnataka. It has kept a target of expanding its iron ore mining capacity to 40 MT by 2014-15.

Iron ore lumps are of a higher grade, with Fe content of 63-65 percent. Fines are of lower grade, with Fe content of less than 60 percent.

NMDC Share Price

89.78 2.60 (2.98%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Coal India 438.70
NMDC 89.78
GMDC 733.40
Sandur Manganese 218.35
MOIL 327.60
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×