NMDC, the country’s top iron ore miner, has fixed the prices of iron ore with effect from March 1, 2017. The prices of Lump Ore have been fixed to Rs 2,425 per WMT, while the prices of Fines have been fixed to Rs 2,185 per WMT. The above FOR prices are excluding Royalty, DMF, NMET, Cess, Forest Permit Fee etc.
NMDC is a state-controlled mineral producer of the Government of India. It is fully owned by the Government of India and is under administrative control of the Ministry of Steel.