India: DRCLO lots receive active response in NMDC auction from Chhattisgarh

NMDC iron ore auction’s scheduled from Chhattisgarh yesterday for 159,600 t of (Fe 64-67%, indicative) from Bacheli mines, and 134,400 t (Fe64-65.50%, indicative) from the Kirandul mines. According to market sources, the entire quantity of 16,800 t of DR-CLO booked at INR 5,587/t against the base price of INR 4,957/t and one lot of Baila lump was booked at base price of INR 4,131/t. All prices are on FoR basis, royalty, DMF & NMET extra.


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