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NMDC Iron Ore Prices Rise Again

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

State-owned NMDC has increased 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/tonnelump ore price
Rs 4,850/tonnefines price
3price hikes 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 and potentially higher input costs, which could impact steel production costs and related industries.

Key facts

  • NMDC has raised iron ore prices.
  • Lump ore price increased to Rs 5,700 per tonne.
  • Fines price increased to Rs 4,850 per tonne.
  • This is the third price hike 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, while the price for fines has been set at Rs 4,850 per tonne. This marks the third instance of NMDC raising its iron ore prices within the current quarter, indicating a sustained upward trend in the commodity's valuation.

Frequently asked questions

NMDC's lump ore is now priced at Rs 5,700 per tonne, and fines are priced at Rs 4,850 per tonne.

This is the third price increase by NMDC this quarter.

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How It Developed

3 Jun · 1:08 PM
NMDC increased lump ore prices by Rs 200/tonne to Rs 5,700 and fines by Rs 150/tonne to Rs 4,850, the third hike this quarter.
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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