NMDC Revises Iron Ore Prices Effective 6 May 2026
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NMDC Limited has announced revised iron ore prices effective May 6, 2026. Baila Lump (65.5%, 10–40 mm) is set at ₹5,500 per ton, while Baila Fines (64%, -10 mm) will be priced at ₹4,700 per ton. These ex-mine FOR prices will impact input costs for steelmakers and industrial customers, reflecting NMDC's response to market conditions. As a state-owned mining company, NMDC plays a crucial role in India's steel industry and infrastructure development.
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