NMDC conducted an iron ore auction from Kumaraswamy Mines, Karnataka on 6 Feb’24. According to sources, 316,000 t fines (Fe 58.12-63.81%) and 111,000 t lumps (10-40mm, Fe 58.83-61.57%) were booked at INR 3,440-5,413/t and INR 4,638-5,788/t against the base price of INR 3,430-4,576/t and INR 3,748-4,328/t, respectively. Prices are on FOR, ex-stockpile/mines basis and inclusive of royalty, DMF and NMET.
