The Indian company NMDC Limited raises prices for all grades of iron ore pieces and small fractions

Indian state-owned mining company NMDC Limited has raised prices for iron ore pieces and fines for all grades by 100 Indian ores/ton ($1.10/ton) for all shipments effective immediately, company sources said on Tuesday, February 10.

After the revision, the price of iron ore pieces (Fe content 67%, 10-40 mm) is 5,250 Indian ores/ton ($57.89/mt) without a mine, and the price of fines (Fe content 64% and less than 10 mm) is 4,000 Indian ores/ton ($44.11/mt) without a mine.

All prices are shown without taking into account mandatory taxes and fees such as the Regional Mineral Fund (DMF), the National Mineral Exploration Fund (DMET) and fees for forest use permits.