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NMDC raised iron ore prices in September, the cost of fine ore has not changed

NMDC raised iron ore prices in September, the cost of fine ore has not changed

Indian state-owned mining company NMDC Limited raised the prices of iron ore pieces for supplies in September, while keeping the prices of small change unchanged, company sources said on Wednesday, September 9.

The sources said that the prices of iron ore pieces (Iron content 67%, 10-40 mm) were increased by 350 Indian rupees per ton ($4 per ton) to 6,000 Indian rupees per ton ($63.32 per ton) minus. However, the price of the fine fraction of iron ore (Fe content 64%, less than 10 mm) was kept unchanged at INR 4,550 per ton (USD 48.02 per ton), excluding price.

All prices are shown excluding mandatory taxes and fees such as the District Mineral Resources Fund (DMF), the National Mineral Exploration Trust (DMET), and forest permit fees.

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