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NMDC has informed the exchanges that it has decrease the Iron Ore Lump and Fine prices

ICICIdirect Research 13 Jul 2026 DISCLAIMER

News: In the regulatory filing, NMDC has informed the exchanges that it has decrease the Iron Ore Lump and Fine prices by ₹250/150 per tonne to ₹5,450 and ₹4,700 per tonne, respectively. This is exclusive of Royalty, DMF, NMEDT, Cess, Forest Permit Fee, transit fee, GST, environmental Cess and other taxes

View: The decrease in iron ore prices indicates a decline in domestic steel prices amidst monsoon seasonal impact. This price reductions could impact the profitability of the company ahead. On a long-term perspective, we continue to maintain our neutral view on the company amidst near term challenges such as range-bound iron ore prices, elevated capex spends and uncertainty on additional mining taxes

Impact: Negative

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