State-owned miner NMDC reduced iron ore prices effective Friday, a decision that saw its share price decline 1.31%, on the BSE, to ₹80.55 apiece.
As per the latest revision, Baila Lump will come for ₹4,600 per tonne and Baila Fines for ₹3,900 for the same quantity. However, unlike revisions in recent past, these are FOR prices exclusive of royalty, DMF, NMEDT, cess, Forest Permit Fee, transit fee, GST, environmental Cess and other taxes.
On November 15, NMDC had increased Baila Lump price by ₹50 per tonne to ₹5,600 and left the price of the Fines unchanged at ₹4,750 per tonne.
During the earlier revision, effective October 22, it had reduced the price by ₹550 per tonne of Baila Lump to ₹5,550 and by ₹500 for the same quantity of Fines to ₹4,750. Prior to that it had revised the prices of the key raw material of steel on August 1 to ₹6,100 for Baila Lump and ₹5,250 for Baila Fines. These FOR prices were inclusive of royalty, DMF, NMET and exclusive of cess, forest permit fee, transit fee, GST, environmental cess and other taxes.
The latest revision is the seventh this financial year and first in 2026. The company had revised prices seven times in 2025, with the first on January 9 to ₹6,000 for the lump variety and ₹5,060 for the Fines. The next revision, the first in FY26, was effective May 1 to ₹6,400 and ₹5,500 for the lump and the fines, respectively. Thereafter, the prices were reduced on June 4 to ₹6,300 and ₹5,350; and on July 1 to ₹5,700 and ₹4,850.
Published – January 10, 2026 06:17 pm IST
