India’s top iron ore miner NMDC conducted an auction on 19 Jan’22 for nearly 320,000 t of iron ore from the Kirandul and Bacheli mines in Chhattisgarh. The auction received good response for lumps, with the entire quantity of DR-CLO getting booked, sources told SteelMint. Bids for DR-CLO increased by around INR 1,580-1,670/t, while those for Baila lumps, fines and run of mine (ROM) ore remained at the base price level.
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