NMDC Raises Iron Ore Prices by Up to 11.1% Effective April 5, 2026
NMDC hikes iron ore prices by up to 11.1% with effect from April 5
Business Standard
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State-owned National Mineral Development Corporation (NMDC) has increased iron ore prices by up to 11.1%, effective April 5, 2026. The price for Baila Lump has risen to ₹5,300 per ton, while Baila Fines is now ₹4,500 per ton. This adjustment follows a record production of 53 million tonnes in the 2025-26 financial year.
- 01NMDC has raised iron ore prices by up to 11.1%, effective April 5, 2026.
- 02Baila Lump prices increased to ₹5,300 per ton, while Baila Fines rose to ₹4,500 per ton.
- 03The price hike is attributed to record production levels and increased demand.
- 04NMDC's production in FY26 reached a record 53 million tonnes, a 21% increase from the previous year.
- 05Sales of iron ore also grew by 13%, reaching 50.23 million tonnes.
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The National Mineral Development Corporation (NMDC), India's largest iron ore producer, has announced a price increase for iron ore effective April 5, 2026. The prices for Baila Lump, which contains 65.5% iron, will now be ₹5,300 per ton, marking a 10.4% increase. Meanwhile, the price for Baila Fines, with 64% iron content, has been raised by 11.1% to ₹4,500 per ton. This decision comes after NMDC reported record production of 53 million tonnes of iron ore for the financial year 2025-26, a 21% increase from 44.07 million tonnes in FY25. Sales also saw a 13% rise, reaching 50.23 million tonnes. The price adjustments are made on a free-on-rail basis and do not include additional statutory levies. The increase in prices is expected to impact the steel manufacturing sector, which relies heavily on iron ore as a key raw material.
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The price hike may lead to increased costs for steel manufacturers, potentially affecting the prices of steel products in the market.
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