NMDC Raises Iron Ore Prices Again; Lump Ore Up ₹200/Tonne, Fines Higher by ₹150

State-run miner NMDC has announced another round of iron ore price hikes, lifting rates for both lump ore and fines.

The company raised the price of Baila lump ore by ₹200 per tonne to ₹5,700 per tonne. Iron ore fines prices have also been increased by ₹150 per tonne to ₹4,850 per tonne.

The latest revision follows reports that NMDC was preparing to raise prices again. The move came as a surprise to some market participants. The increase has been announced just before the onset of the monsoon, a period when mining activity and demand patterns often come into focus.

NMDC shares were trading at ₹96.19 at 3:16 PM IST on 3 June, up 0.92% for the day.

Why Has NMDC Increased Iron Ore Prices?

The company has not provided a reason for the latest revision. However, the price increase comes at a time when international iron ore prices have remained under pressure. Despite that, NMDC has raised prices for both lump ore and fines.

The move follows reports that the miner was preparing another round of hikes. Earlier, sources had indicated that a revision was likely.

The latest increase will also be watched for what it signals about domestic steel demand and pricing trends in the months ahead.

Why Is The Timing Of The Price Hike Significant?

The price hike has come just before the monsoon season, when mining operations and transportation activities often face weather-related disruptions.

The timing is notable for another reason. Global iron ore prices have seen some softness in recent months, yet NMDC has gone ahead with a fresh increase.

That suggests domestic conditions have remained firm enough for the company to seek higher realisations despite weaker international benchmarks.

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How Did NMDC Perform Recently?

The latest price revision follows the company's March-quarter results, which were announced earlier this week.

• For Q4FY26, the company posted consolidated revenue of ₹11,340 crore, up 62% year-on-year. Net profit rose 36% to ₹2,017 crore.

• Iron ore sales volumes touched a record 15.3 million tonnes during the quarter, while average realisations improved to ₹4,759 per tonne.

• NMDC also announced a final dividend of ₹1 per share, taking its total FY26 dividend payout to ₹3.5 per share.

NMDC's latest price revision comes shortly after the company reported record iron ore sales and strong March-quarter earnings.

Sources:

CNBC TV18

Business Standard