Indian state-run miner NMDC has increased its domestic sale prices of iron ore lumps and fines effective for deliveries from December 2, by INR 500/mt ($7/mt), according to a regulatory filing of the company.
As a result, NMDC’s iron ore lumps prices have reached INR 4,500/mt ($61/mt) ex-pithead, up by 12.5 percent from the previous level, and its prices for fines have increased to INR 4,110/mt ($55.61/mt) ex-pithead, up by 13.85 percent, the regulatory filing said.
The price is exclusive of royalty and mandatory payments to District Mineral Fund (DMF), National Mineral Exploration Trust (DMET), cess, forest permit fees and other statutory levies, the filing said.
This is the third hike in iron ore price effected by NMDC since November 1 this year.