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NMDC has informed the exchanges that it has decreased the Iron Ore Lump and Fine prices by ₹200/tonne

ICICIdirect Research 10 Aug 2026 DISCLAIMER

News: In the regulatory filing, NMDC has informed the exchanges that it has decreased the Iron Ore Lump and Fine prices by ₹200/tonne to ₹5,250/ton and ₹4,500/ton, respectively. This is exclusive of Royalty, DMF, NMEDT, Cess, Forest Permit Fee, transit fee, GST, environmental Cess and other taxes.

View: The decline in iron ore prices is primary on account of recent decline in domestic steel prices and appears seasonal in nature. It shall have negative impact on profitability at the company going forward. However, on the long-term perspective NMDC remains a portfolio stock given its volume growth ambition, strong B/S and return ratios profile. 

Impact: Negative

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