<p>Mining major NMDC on Monday said it has slashed prices of lump ore and fines by Rs 1,000 per tonne. </p>.<p>In a filing to BSE, the company said price of lump ore has been fixed at Rs 6,150 per tonne and that of fines at Rs 5,160 a tonne. </p>.<p>The revised prices exclude royalty, District Mineral Fund (DMF), National Mineral Exploration Trust (DMET), cess, forest permit fee and other taxes, NMDC said. </p>.<p>It added that the new rates are effective from September 4, 2021.</p>.<p>In the last revision announced on August 6, 2021, NMDC had fixed the price of lumps or high-grade iron ore at Rs 7,150 per tonne. The price of fines, which are inferior grade ore, was fixed at Rs 6,160 per tonne. </p>.<p>Any change in the rates of iron ore impacts the prices of steel.</p>.<p>NMDC, under the Ministry of Steel, is the country's largest iron ore producer.</p>
<p>Mining major NMDC on Monday said it has slashed prices of lump ore and fines by Rs 1,000 per tonne. </p>.<p>In a filing to BSE, the company said price of lump ore has been fixed at Rs 6,150 per tonne and that of fines at Rs 5,160 a tonne. </p>.<p>The revised prices exclude royalty, District Mineral Fund (DMF), National Mineral Exploration Trust (DMET), cess, forest permit fee and other taxes, NMDC said. </p>.<p>It added that the new rates are effective from September 4, 2021.</p>.<p>In the last revision announced on August 6, 2021, NMDC had fixed the price of lumps or high-grade iron ore at Rs 7,150 per tonne. The price of fines, which are inferior grade ore, was fixed at Rs 6,160 per tonne. </p>.<p>Any change in the rates of iron ore impacts the prices of steel.</p>.<p>NMDC, under the Ministry of Steel, is the country's largest iron ore producer.</p>