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NMDC increases iron ore prices again

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NMDC on Tuesday elevated the worth (per tonne) of iron ore lumps by ₹700 and fines by ₹500, the second upward revision this month and the fourth since November by the general public sector miner.

Lump ore value has been fastened at ₹5,200 a tonne and the fines at ₹4,610 a tonne, with impact from December 15, it mentioned in a regulatory submitting.

On December 4, the prices have been set at ₹4,500 for lump ore and ₹4,110 for the fines. Compared to the prices it had fastened on November 4, the newest change is a rise of ₹1,600 for a tonne of lump ore and ₹1,300 for an identical quantity of fines. These are FOR prices and exclude royalty, DMF, NMET, cess, Forest Permit Fee and different taxes.

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