# NMDC cuts iron ore prices for second consecutive month 2026-08-08T13:05:00+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 1 independent outlet NMDC, India's largest iron ore producer, has slashed prices by ₹200 per tonne, effective August 8, marking the second consecutive monthly reduction. Lump ore (65.5% Fe) is now priced at ₹5,250 per tonne, down from ₹5,450 in July, while fines (64% Fe) cost ₹4,500 per tonne, down from ₹4,700. The company cited the revision as its fifth price change this fiscal year, according to a regulatory filing. In July, NMDC reported record production of 4.06 million tonnes, a 31% jump year-on-year. However, July sales slipped to 3.40 million tonnes from 3.46 million tonnes a year ago. For the April, July period, cumulative production rose to 19.16 million tonnes from 15.09 million tonnes, while sales inched up to 15.15 million tonnes from 14.98 million tonnes. NMDC is also exploring copper and strategic mineral opportunities in Argentina, the Ministry of Steel said. ## Coverage - thehindubusinessline.com - thehindu.com Tags: commodities, iron ore prices, mining, NMDC, steel ministry Canonical: https://indianopinion.org/nmdc-cuts-iron-ore-prices-from-august-8/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/nmdc-cuts-iron-ore-prices-from-august-8/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.