The transition to new methods of management, planning and economic stimulation of industrial production is conditioned by the necessity of conformity of prices to their economic basis - cost.Prices for products of the iron ore industry, currently in force, are, as a rule, lower than their planned cost price. As a result, a large number of enterprises and the entire iron ore industry as a whole are planned unprofitable. “Prices should increasingly reflect the socially necessary costs of labor, to ensure reimbursement of production and circulation costs and a certain profit for each normally operating enterprise.” The organization of true economic calculation requires an accurate measure of costs and results. In the conditions of commodity economy such a measure can only be the price corresponding to the cost.