NMDC Hikes Iron Ore Prices By Rs200 Tonne

12 May 2026 CW Team

State-owned miner NMDC has increased its ex-mine iron ore price by Rs200 a tonne, the company said in a notice. The revision raises the base price for iron ore sold to domestic buyers and merchant miners, and will be factored into procurement plans across the steel supply chain. Market participants noted the change comes amid persistent demand from construction and steelmakers. The adjustment represents a direct upward move in listed selling rates for the commodity.

Traders said the increase will be incorporated into spot offers and long-term supply contracts that reference ex-mine prices. Steelmakers and intermediaries will reassess order books to absorb higher input costs and may adjust procurement timing to manage margins. Merchant miners with linked pricing will update their rates in the coming days. Brokers and logistics providers are expected to align freight and handling charges with the revised selling levels.

Industry analysts said the revision will influence pricing dynamics in domestic iron ore markets and will be reflected in merchant transactions. The change alters the cost base for units finalising contracts this quarter and will be considered in budgeting and procurement cycles. Secondary markets for lump and fines will mirror movements in ex-mine rates as sellers align offers. The adjustment reinforces the role of benchmark rates set by major suppliers.

The company indicated the revision is part of periodic price reviews that take into account cost structures and market conditions. Buyers and downstream firms will update financial forecasts to reflect higher raw material costs, and procurement teams will engage with suppliers to manage delivery schedules. Financial analysts will monitor downstream margins and the pass-through into finished steel prices. The development adds a reference point for future pricing rounds and will be incorporated into planning across the sector.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..