India: 600,000 t of iron ore booked at NMDC’s Karnataka auction

NMDC conducted an auction for 600,000 t of iron ore from its Donimalai mines in Karnataka on 13 Dec’22. According to sources, the entire material was sold at the floor price.

  • 200,000 t of lumps (10-40mm, Fe61%) were booked at INR 2,751/t.
  • 400,000 t of fines (Fe59%) were booked at INR 2,056/t.
  • All prices exclude royalty, DMF, and NMET charges.

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