India’s largest iron ore miner – NMDC conducted an e-auction today from its Chhattisgarh mines and received bids for 50,000 t out of 75,600 t material put for auction. DR CLO received bids were up by around INR 1,880/t, ROM by 1,300/t and fines by INR 1,200/t above the set base price. Notably, the miner had raised prices upto 14% in Dec ’20.
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