India: Govt amends policy to introduce separate average sale price for sub-Fe 45% grade iron ore

Source: BigMint Apr 16, 2026 08:30

Sub-threshold iron ore gets separate ASP mechanism. Royalty to be levied on lumps and fines post screening

India has introduced a structural correction to its iron ore pricing framework with the notification of the Minerals Concession (Third Amendment) Rules, 2026 on 10 April. The amendment creates a separate Average Sale Price (ASP) mechanism for sub-45% Fe iron ore, addressing a long-standing distortion in royalty assessment. Until now,

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Iron ore concentrates procurement prices: Shanxi major mills

Apr 16, 2026 10:15
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Iron ore inland water freight charges: China

Apr 16, 2026 09:27
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Iron ore portside prices: Huanghua port

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