State-owned iron ore producer NMDC has raised the price of lump ore by ₹150 per tonne effective September 9.

The new price is ₹5,400 per tonne. The price of Fines has been kept unchanged at ₹4,500 per tonne, a filing by the company on Wednesday (September 9, 2026) showed.

The latest revision comes on the back of the company reducing prices of the key raw material of steel two months consecutively. In the previous revision on August 8, NMDC had fixed the per tonne price of Lump ore at ₹5,250 and Fines at ₹4,500. Prior to that, effective July 10, it set them at ₹5,450 and ₹4,700 respectively.

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

State-owned mining major NMDC’s August iron ore production rose nearly 21% to 4.07 million tonnes compared to 3.37 MT in the corresponding period of previous fiscal.

Sales of the steel raw material increased from 3.58 MT (3.39 MT), the company said in a filing on Tuesday. For the five months ended August, iron ore production was almost 26% higher at 23.23 MT (18.45 MT), while sales rose to 18.72 (18.37).

NMDC, which is India’s largest iron ore producer, is eyeing 60 MT production this fiscal and by 2030 100 MT.