<h1>NMDC Iron Ore Pricing: Domestic vs. Export Markets Explained; Export Duty Raised to 30% to Support Local Industry.</h1> The Minister of Steel announced that NMDC Limited's iron ore sales are conducted on different pricing bases for export and domestic markets, making direct price comparisons challenging. During 2012-13, domestic prices were set on a Free on Rail/Truck basis, while export prices were on a Free on Board basis. Despite being deregulated, NMDC's pricing decisions are made by its Board of Directors without government interference. To support the domestic iron and steel industry, the government increased the export duty on iron ore from 20% to 30% ad valorem, effective December 30, 2011, excluding pellets.