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The Economic Times

Economy / The Economic Times

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NMDC hikes iron ore prices by up to 11.1% effective April 5

In a pivotal move, NMDC, the state-owned giant, is set to hike iron ore prices effective April 5, 2026. Following an unprecedented production year with record outputs from its flagship mines, the prices for Baila Lump and Baila Fines will see an increase. This adjustment is expected to ripple through the steel manufacturing sector, affecting raw material costs significantly.

6 Apr 2026 12:54 pm