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NMDC Iron Ore Prices Increased Again

Created at 4 Jun · 4:14 AM1 source↑ Market-relevant
IN SHORT

State-owned NMDC has raised its iron ore prices for the third time this quarter. Lump ore is now Rs 5,700 per tonne, and fines are Rs 4,850 per tonne.

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Key Numbers

Rs 5,700/tonneNMDC lump ore price
Rs 4,850/tonneNMDC fines price
3iron ore price increases this quarter

Who's Involved

NMDC
State-owned company that hiked iron ore prices

↳ Why This Matters

The repeated price hikes by NMDC, a major iron ore producer, suggest strong demand or tightening supply in the iron ore market, potentially impacting steel production costs and related industries.

Key facts

  • NMDC increased iron ore prices.
  • Lump ore price rose to Rs 5,700 per tonne.
  • Fines price rose to Rs 4,850 per tonne.
  • This is the third price increase this quarter.

State-owned mining giant NMDC has announced another increase in its iron ore prices. The price for lump ore has been revised to Rs 5,700 per tonne, and the price for fines has been set at Rs 4,850 per tonne. This marks the third time NMDC has raised its iron ore prices within the current quarter, indicating a sustained upward trend in the commodity's valuation.

Frequently asked questions

The new price for NMDC's lump ore is Rs 5,700 per tonne.

The new price for NMDC's iron ore fines is Rs 4,850 per tonne.

NMDC has increased iron ore prices three times this quarter.

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How It Developed

3 Jun · 1:08 PM
NMDC has increased iron ore prices for the third time this quarter, with lump ore now at Rs 5,700/tonne and fines at Rs 4,850/tonne.
NDTV via PiQSuite

Sources

T1
NMDC Iron Ore Price Hike: Lump Ore Up Rs 200/Tonne, Fines Rise Rs 150/Tonnem.piqsuite.com

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