Mines Ministry amends pricing norms for lower-grade iron ore to make their usage economical

The Ministry of Mines on Tuesday (April 14, 2026) amended the pricing norms for lower grade of iron ore seeking to make their extraction and eventual utilisation by industries, such as steel industry, more economical.

The government has done away using an average selling price of higher grade of iron ore for levying royalty and auction premium. In a statement, the ministry noted that higher levy on the “grade below threshold value made the beneficiation of such minerals uneconomical.”