NMDC Revises Iron Ore Prices Effective July 10, 2026; Baila Lump at ₹5,450/Tonne, Fines at ₹4,700/Tonne – Indian PSU
Key Highlights
- Effective Date: July 10, 2026
- Baila Lump (65.5%, 10-40 mm): ₹5,450 per tonne
- Baila Fines (64%, -10 mm): ₹4,700 per tonne
- Pricing Basis: Free on Rail (FOR)
- Prices Exclude: Royalty, DMF, NMET, GST and other statutory levies
- Disclosure: Made under SEBI (LODR) Regulation 30
State-owned mining major NMDC Limited has revised the prices of its iron ore with effect from July 10, 2026, setting the price of Baila Lump (65.5%, 10-40 mm) at ₹5,450 per tonne and Baila Fines (64%, -10 mm) at ₹4,700 per tonne.
The revised pricing, announced through a regulatory filing, is applicable on a Free on Rail (FOR) basis and will serve as a key benchmark for steel producers, traders, and other stakeholders tracking raw material costs in India’s mining and steel sectors.
Revised Iron Ore Prices
| Grade | Specifications | Price (Per Tonne) |
|---|---|---|
| Baila Lump | 65.5%, 10-40 mm | ₹5,450 |
| Baila Fines | 64%, -10 mm | ₹4,700 |
The company clarified that these prices are exclusive of statutory levies and taxes, including:
- Royalty
- District Mineral Foundation (DMF)
- National Mineral Exploration Trust (NMET) contribution
- Cess
- Forest Permit Fee
- Transit Fee
- Goods and Services Tax (GST)
- Environmental Cess
- Other applicable taxes and charges
Impact on the Mining and Steel Industry
NMDC’s monthly pricing decisions are closely watched by the domestic steel industry as they directly influence raw material procurement costs. Any revision in iron ore prices can have a cascading impact on steel production costs, infrastructure projects, and downstream manufacturing sectors.
The latest price revision provides market participants with an updated benchmark for iron ore procurement and reflects prevailing market dynamics in the domestic mining sector.
Regulatory Disclosure
NMDC disclosed the revised prices under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The company stated that the revised pricing details have also been made available on its official website for the information of investors and stakeholders.
