GENERAL9 Sept 2026
NMDC raises lump ore price by ₹150/tonne, holds price of fines
State-owned iron ore producer NMDC has raised lump ore price by ₹150 to ₹5,400 per tonne, effective from September 9. Fines price stays unchanged at ₹4,500 per tonne. This comes after two months of price cuts, so the reversal matters for steel makers and others buying iron ore. If you purchase lump ore, review your input costs and buying plans for this month.
Key Statutory Highlights
- NMDC raised lump ore price to ₹5,400 per tonne, an increase of ₹150, from September 9.
- The price of fines stays unchanged at ₹4,500 per tonne.
- The increase follows two consecutive monthly reductions in iron ore prices.
Actionable Advice for Taxpayers / Founders:If you buy or trade lump ore, revisit your cost estimates and purchase contracts for September and the coming months.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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