State-owned miner NMDC increased price of iron ore by Rs. 50 per tonne of Baila Lump effective November 15 while leaving the price of the Fines unchanged. The new per tonne Baila Lump price is Rs. 5,600, the company said in a filing on Saturday. This is the second price revision by the company in less than a month. Baila Fines will continue to come for Rs. 4,750 per tonne.

In the previous revision with effect from October 22, NMDC had reduced the price by Rs. 550 per tonne of Baila Lump to Rs. 5,550 and by Rs. 500 for the same quantity of Fines to Rs. 4,750. Prior to that it had revised the prices of the key raw material of steel on August 1 to Rs. 6,100 for Baila Lump and Rs. 5,250 for Baila Fines.

These are FOR prices inclusive of royalty, DMF, NMET and exclusive of cess, forest permit fee, transit fee, GST, environmental cess and other taxes.

Source: thehindu.com