NMDC, India's largest producer for iron ore is likely to raise Iron Ore prices by Rs 400-500/MT on various grades and sizes.
Sources said SteelMint that iron ore prices have been increased w.e.f 1st of April , but it has not been announced officially. It is also reported that grade wise bonus has also been increased by Rs 20-30/MT.
” Prices have been increased by 400-500/MT on 6-40mm and 10-150mm of iron ore. Though industry is opposing this hike and our representatives have gone to NMDC head office at Hyderabad.” said a sponge manufacturer based in Raipur.
If it is implemented, sponge prices will go up by Rs 700-800/MT, he further added.
Currently sponge manufacturers at Raipur have held their sales till the official announcement.
NMDC IRON ORE PRICES
6-40mm – Rs 4,960/MT (Old)- 5,540 (Revised)
10-150 mm– Rs 4,150/MT (Old)- 4,640 (Revised)
Fines- Rs 2,980/MT
All Basic Prices Ex-Mines
Royalty , Taxes and Bonus/Penatly extra.
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