Team News Riveting
Hyderabad, August 1
The National Mineral Development Corporation (NMDC) has announced the iron ore prices that will come into effect from Friday.
The state-owned miner announced that per tonne price of Baila Lump has been fixed at Rs 6100 and that of Baila Fines at Rs 5250. It is for the fourth month consecutively this fiscal the company has revised prices of the key raw material for steel.
In a regulatory filing today, India’s largest iron ore producer said the revised prices of iron ore would come into effect from August 1, 2025.
These are FOR prices inclusive of royalty, DMF, NMET and exclusive of cess, forest permit fee, transit fee, GST, environmental cess and other taxes.
In July 2025, NMDC had reduced iron ore prices by Rs 600 a tonne of Baila Lump and by Rs 500 for the same quantity of Fines.
The price of Baila Lump was fixed at Rs 5,700 for a tonne and Baila Fines at Rs 4,850. In June, NMDC had priced Baila Lump at Rs 6,300 and Baila Fines at Rs 5,350. In May, it had raised the iron ore prices by Rs 440 to Rs 6,440 for Baila Lump and Rs 5,500 for Baila Fines.
