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What is the story about?
Shares of NMDC Ltd. are trading higher after the state-run miner increased prices of both iron ore lumps and fines, a move that CNBC-TV18 had reported earlier citing sources.
NMDC has raised the price of Baila lump ore by ₹200 per tonne to ₹5,700 per tonne, while the price of iron ore fines has been increased by ₹150 per tonne to ₹4,850 per tonne.
The latest revision comes after sources had indicated to CNBC-TV18 that the company was likely to announce another round of price hikes.
The increase has come as a surprise to the market, particularly as it precedes the monsoon season, a period that typically impacts mining activity and demand dynamics. The move is also noteworthy given the recent softness in international iron ore prices.
The pricing action suggests that domestic demand conditions remain resilient enough to support higher realizations despite weakness in global benchmarks.
Investors will closely watch whether the latest hike signals confidence in domestic steel demand and pricing trends in the coming months.
NMDC shares were trading 0.77% higher at ₹96.04 on Wednesday. The stock has gained nearly 15% so far in 2026.
NMDC has raised the price of Baila lump ore by ₹200 per tonne to ₹5,700 per tonne, while the price of iron ore fines has been increased by ₹150 per tonne to ₹4,850 per tonne.
The latest revision comes after sources had indicated to CNBC-TV18 that the company was likely to announce another round of price hikes.
The increase has come as a surprise to the market, particularly as it precedes the monsoon season, a period that typically impacts mining activity and demand dynamics. The move is also noteworthy given the recent softness in international iron ore prices.
The pricing action suggests that domestic demand conditions remain resilient enough to support higher realizations despite weakness in global benchmarks.
Investors will closely watch whether the latest hike signals confidence in domestic steel demand and pricing trends in the coming months.
NMDC shares were trading 0.77% higher at ₹96.04 on Wednesday. The stock has gained nearly 15% so far in 2026.
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