NMDC Revises Iron Ore Prices: Baila Fines at ₹4,000, Lumps at ₹4,700

India’s largest iron ore producer, NMDC Ltd., has revised its pricing for iron ore products, effective February 10, 2026. The company fixed the price of Baila fines at ₹4,000 per ton and Baila lump ore at ₹4,700 per ton.

This price adjustment comes amid fluctuating global commodity markets and domestic demand shifts, particularly from steel manufacturers. NMDC’s pricing strategy is closely watched by industry stakeholders, as it directly impacts input costs for steel production and downstream sectors.

Key Highlights

• Baila Fines: Priced at ₹4,000 per ton.
• Baila Lump Ore: Priced at ₹4,700 per ton.
• Effective Date: February 10, 2026.
• Market Impact: Pricing revisions influence steel industry margins and raw material procurement strategies.
• Strategic Role: NMDC remains a critical supplier, balancing domestic demand with global market pressures.

The latest revision underscores NMDC’s responsiveness to market conditions and its continued importance in India’s industrial value chain.

Sources: NMDC Exchange Filing, Moneycontrol, Business Standard