Iron Ore Pricing
Govt amends pricing norms for low-grade iron ore to boost steel supply
The government on Tuesday announced the amendment of rules to revise the pricing norms for low-grade iron ore, a move aimed at curbing wastage and enhancing utilisation of such reserves to ensure a steady supply to the steel industry. The move is expected to bring low-grade resources into viable use, addressing depletion of high-grade deposits and promoting mineral conservation through scientific mining practices. "The Ministry of Mines has notified the Minerals (Other than Atomic and Hydro Carbons Energy Minerals) Concession (Third Amendment) Rules, 2026 on 10th April, 2026, providing the methodology for publication of average sale price (ASP) of Haematite Iron Ore below the threshold value, including for Banded Haematite Quartzite (BHQ) and Banded Haematite Jasper (BHJ)," an official statement said. The amendment provides a framework for pricing iron ore with iron (Fe) content below the threshold level of 45 per cent, including Banded Haematite Quartzite (BHQ) and Banded Haematite
 "Govt amends pricing norms for low-grade iron ore to boost steel supply")
Iron ore price fall yet to completely reflect in the domestic market
Steel companies in wait-and-watch mode, expect reduction from NMDC
 "Iron ore price fall yet to completely reflect in the domestic market")
Iron ore prices likely to bounce back in H2FY21, expected to gain 15%
Recovery in domestic iron ore prices would be propelled by demand uptick as steel makers are expected to ramp up capacity utilisation with concerns easing on the Covid-19 pandemic
 "Iron ore prices likely to bounce back in H2FY21, expected to gain 15%")
Realisation concerns deepen for NMDC after company cuts prices again
Cuts iron ore prices for second straight month in May
 "Realisation concerns deepen for NMDC after company cuts prices again")
Iron ore prices to rise 15-20% in FY21 after expiry of mining leases
By March 2020, more than 30 iron ore mining leases, all held by merchant or non-captive lessees, are scheduled to expire
 "Iron ore prices to rise 15-20% in FY21 after expiry of mining leases")
Govt yet to work out iron ore pricing mechanism; firms want benchmarking
While the ministry of mines favours a benchmarked price, the ministry of steel vehemently opposes such a move
 "Govt yet to work out iron ore pricing mechanism; firms want benchmarking")
Govt mulls advisory group for NMDC on iron ore pricing
Globally, iron ore prices have increased from $43.45 to $88 a tonne in one year
Panel on iron ore pricing to submit report by the end of March: Government
Government is also likely to finalise the National Steel Policy by April
 "Panel on iron ore pricing to submit report by the end of March: Government")