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.
