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NMDC increases iron ore price by Rs 150 a tonne for non-Karnataka mines

NMDC produced 35.6 mt in 2017-18

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T E Narasimhan Chennai
NMDC, a state-controlled mineral producer, has increased the price by Rs 150 a tonne for iron ore lumps and fines with effect from Tuesday. This does not apply to Karnataka, where the company reduced it by Rs 300 a tonne last month, as offtake was low.

Its lump ore price is now Rs 3,200 a tonne and fines are Rs 2,810 a tonne. Sources said this is in the backdrop of a rise in demand and increase in royalty rates by the Odisha government.

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