DBT Bureau
Pune, 12 July 2026
NMDC has announced a reduction in iron ore prices effective July 10, 2026, according to an exchange filing.
The state-owned miner cut the price of Baila Lump Ore (65.5% Fe, 10–40 mm) to ₹5,450 per tonne from ₹5,700 per tonne, a decline of ₹250 per tonne.
Similarly, the price of Baila Fines (64% Fe, -10 mm) was reduced to ₹4,700 per tonne from ₹4,850 per tonne, down ₹150 per tonne.
The price revision comes amid ongoing monitoring of domestic steel demand and global iron ore market trends. The new prices will be applicable from July 10, 2026.
NMDC iron ore price revision
| Product | Grade | June 3 Price (₹/t) | July 10 Price (₹/t) | Change (₹/t) |
| Baila Lump Ore | 65.5% Fe, 10–40 mm | 5,700 | 5,450 | -250 |
| Baila Fines | 64% Fe, -10 mm | 4,850 | 4,700 | -150 |
June price story from DBT:
