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9 August 2026

NMDC Iron Ore Price Revision

The price revision of a key industrial raw material like iron ore serves as useful context for understanding industrial input costs and sectoral economic trends, though it is not a policy event that would be asked directly.

1 min read 1 questions 1 prelims

Notes

  • NMDC, India's largest iron ore producer, reduced prices by ₹200 per tonne effective August 8.
  • This marks the second consecutive month of price reductions for iron ore.
  • New pricing: Lump ore (65.5%, 10-40mm) at ₹5,250/tonne; Fines (64%, -10mm) at ₹4,500/tonne.
  • Current Lump ore prices are below April 5 levels, while Fines prices have returned to April levels.
  • July production reached 4.06 million tonnes (MT), a 31% year-on-year increase.
  • July sales volume was 3.40 MT, a slight decline from 3.46 MT in the previous year.

Questions

  1. Analyze the significance of iron ore price volatility in the domestic steel industry and its impact on the operational performance of state-owned mining enterprises. 150 words
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Prelims

  1. With reference to NMDC's recent iron ore pricing, which of the following statements is correct?

Syllabus

Topics

Sources

250words.in · https://250words.in/daily/2026-08-09/nmdc-iron-ore-price-revision