The largest iron miner in this country NMDC on Friday increases the price of ore lumps by Rs 100 Ton and Rs 200 if a direct effect occurs.

Hike prices come when steel prices in India are traded at the highest point of all time. Iron ore is one of the main raw materials used in steel making, and each movement in mineral prices has a direct impact on the steel level.

In submission of regulations, the company said it has improved the price per ton of ore lumps at Rs 6,100 and a fine at Rs 5,160 per ton. While lumps are high-grade iron ores that have Fe (iron) content above 65 percent, alright is inferior class ore, which requires the recipient.

The price revised applies from April 1, 2022, and excludes royalties, the Districs Mineral Fund (DMF), Trust of National Mineral Exploration (DMET), Cess, forest license fees, and other taxes, companies, other companies.

NMDC has announced the final price revision on March 8, when it has improved the price of ore lumps and a fine of each with Rs 6,000 per ton and Rs 4,960 per ton.

NMDC, under the Ministry of Steel, is the largest iron ore manufacturer and supplier in the country. Recently a record of production was more than 40 million tons. The company, which has been in the iron ore mining business for more than six decades, produces iron ore of the three complexes in the country – one in Donimalai in Karnataka and two in the Dantewada district in the Chhattisgarh district.

NMDC has set ambitious targets to produce 100 mt iron ore in 2030.