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.