NMDC conducted iron ore auctions from Chhattisgarh’s Bacheli mines (for 222,600 t, Fe64-67%, indicative) and Kirandul mines (134,400 t, Fe64-65.50%, indicative) on 6 Dec’22. According to market sources, 37,800 t of DR-CLO (Fe67%) and 10,000 t of lumps (Fe65.5%) were booked at around INR 4,301-4,311/t and INR 5,127-5,137/t, respectively (excluding royalty, DMF and NMET) at the auction from Bacheli mines whereas the remaining lots remained unsold.
Leave a Reply