The National Mineral Development Corporation of India has raised iron ore prices by more than 10%.

Published: Sep 10, 2020 16:31 (GMT+8)

Source: NMDC

Save

SMM: (NMDC), India's state-run iron ore miner, has raised the price of iron ore (lump ore and fine ore) with effect from Saturday, September 5, 2020.

NMDC raised lump ore prices by 10.16 per cent in September from the previous month to 3250 rupees / tonne, compared with 2950 rupees / tonne in August. Powder prices rose 11.27% to 2960 rupees / ton in September and 2660 rupees / ton in August. The new price will take effect from September 5th.

NMDC reported that consolidated net profit for the first quarter ended June 2020 fell 54.9% year-on-year to 5.3135 million rupees, while net sales fell 40.6% year-on-year to 19.375 million rupees.

NMDC, India's largest single iron ore producer, currently produces about 35 million tonnes of iron ore from three mechanized mines, two in Chhattisgarh and one in Karnataka. As of June 30, 2020, the Indian government held a 69.65% stake in the mining company.

"SMM online Q & A" has come to the market, price, information if you have any questions, feel free to ask!

Scan the QR code and join the SMM metal communication group.

National Mineral Development Corporation of India iron ore

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

18 hours ago

Korea Zinc's $7.4B US Project Passes Environmental Assessment, Set for 2029 Trial Operations

On September 21, Korea Zinc announced that its $7.4 billion US manufacturing project had passed the environmental impact assessment. The facility is scheduled to begin trial operations in 2029 and commercial production the following year, producing 11 critical minerals, 12 non-ferrous metals and semiconductor-grade sulfuric acid. In April, Korea Zinc said it had completed the acquisition of a local zinc smelter and other related companies. The company plans to implement the project by expanding and upgrading the existing facilities.

18 hours ago

Sep 11, 2026 18:30 (GMT+8)

Australia Reviews Anti-Dumping Duties on Galvanized Steel from India, Malaysia, Vietnam Amid Zinc Concerns

On September 9, 2026, Australia initiated its second sunset review of anti-dumping measures on galvanized steel sheet from India, Malaysia and Vietnam, and separately launched a sunset review of countervailing measures on imports from India. The review covers July 2025-June 2026, with the final report expected by February 11, 2027. As galvanized steel is the largest end-use sector for zinc, the measures directly affect export costs and competitiveness, potentially impacting Australia’s domestic zinc demand and supply chain. Maintaining the duties would provide some protection for domestic steel and coating capacity, while termination could increase low-priced imports and affect regional zinc consumption. The final outcome remains subject to the authorities’ determination.

Sep 11, 2026 18:30 (GMT+8)

Sep 07, 2026 15:43 (GMT+8)

JCC Hongyuan Copper's $200M Expansion Project Aims to Boost Capacity to 550,000 mt by 2027

The 300,000 mt/year copper cathode expansion project of JCC Hongyuan Copper, a subsidiary of Jiangxi Copper Corporation, entered the pre-approval public notice stage of its environmental impact assessment on September 4, with a total investment of approximately 1.416 billion yuan. The project is planned to start construction in September 2026 and be completed in December 2027. Upon completion, JCC Hongyuan's total capacity will jump from 250,000 mt to 550,000 mt.

Sep 07, 2026 15:43 (GMT+8)