DBT Bureau
Pune, 8 August 2026
State-owned miner NMDC has announced another round of iron ore price cuts, its second revision in just over two months, citing ongoing monitoring of domestic steel demand and global iron ore market trends.
In an exchange filing under Regulation 30 of SEBI’s Listing Obligations and Disclosure Requirements Regulations, 2015, NMDC said prices effective August 8, 2026 have been fixed as follows:
- Lump Ore (65.5% Fe, 10–40mm): ₹5,250 per tonne
- Fines (64% Fe, -10mm): ₹4,500 per tonne
The company noted these are FOR prices, exclusive of Royalty, DMF, NMEDT, Cess, Forest Permit Fee, transit fee, GST, environmental cess and other applicable taxes.
Three-Point Price Trend
| Product | Grade | June 3 (₹/t) | July 10 (₹/t) | Aug 8 (₹/t) | Total Change |
|---|---|---|---|---|---|
| Lump Ore | 65.5% Fe, 10–40mm | 5,700 | 5,450 | 5,250 | -450 |
| Fines | 64% Fe, -10mm | 4,850 | 4,700 | 4,500 | -350 |
The latest cut takes Lump Ore down a further ₹200 per tonne from the July 10 price, while Fines have fallen ₹200 per tonne over the same period. Since early June, Lump Ore has now shed a cumulative ₹450 per tonne (about 7.9%), and Fines have declined ₹350 per tonne (about 7.2%).
The consistent downward revisions across three consecutive announcements point to sustained softness in domestic steel demand alongside broader weakness in global iron ore markets, factors NMDC has flagged in each of its recent filings.
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