NMDC Cuts Iron Ore Prices: Lump at ₹4,700, Fines at ₹4,000 per Tonne from Feb 10

New Delhi: State-owned miner NMDC Limited has announced a revision in iron ore prices, effective February 10, 2026, according to a regulatory filing made under SEBI (LODR) Regulations, 2015.

The price revision applies to both lump ore and fines produced at the company’s Baila mines and will be applicable on a FOR (Free on Rail) basis.

Revised Iron Ore Prices (Effective Feb 10, 2026)

Baila Lump (65.5% Fe, 10–40 mm): ₹4,700 per tonne
Baila Fines (64% Fe, below 10 mm): ₹4,000 per tonne

NMDC clarified that these prices are exclusive of statutory levies, including:

Royalty
District Mineral Foundation (DMF)
NMET contribution
Cess and environmental levies
Forest permit and transit fees
GST and other applicable taxes

What This Means for the Market

The price adjustment comes at a time when domestic steel demand remains stable and infrastructure activity continues across sectors such as railways, roads, and urban development. NMDC’s pricing decisions are closely tracked by steelmakers, traders, and investors, as the company remains India’s largest iron ore producer.

Any change in iron ore pricing directly impacts:

Input costs for steel manufacturers
Profit margins of downstream metal companies
Earnings outlook of mining and metal sector stocks

About NMDC

NMDC Limited is a Navratna public sector enterprise under the Ministry of Steel and plays a critical role in meeting India’s iron ore requirements. The company supplies iron ore to both domestic and export markets and regularly revises prices based on market conditions.

The updated prices have also been published on NMDC’s official website for investor and public reference.