State-owned miner National Mineral Development Corporation (NMDC) has raised iron ore prices by ₹440 per tonne efficient May 1, 2025.
Baila Lump will value ₹6,440 per tonne, whereas an identical quantity of Baila Fines will come for ₹5,500, the corporate stated, saying the primary worth revision this fiscal. The prices had been final revised on January 9 to ₹6,000 and ₹5,060 respectively.
These are FOR prices inclusive of royalty, DMF as properly NMET and unique of cess, forest allow payment, transit payment, GST, environmental cess and different taxes, India’s largest iron ore producer stated in a submitting on Thursday (May 1, 2025).
The firm had revised prices of the important thing uncooked materials for metal seven occasions in FY25. Continuing with the ₹5,800 for Lumps and ₹5,060 for Fines, which it had introduced efficient March 21, 2024, NMDC had elevated the prices 4 occasions in the course of the fiscal.
During the revision efficient May 28, 2024, the prices touched the best for the fiscal at ₹6,450 and ₹5,610 respectively and remained in drive for a little over month. The lowest throughout FY25 was ₹5,350 and ₹4,610 respectively and maintained for shut to 2 months from August 7.
Published – May 01, 2025 05:53 pm IST
