India: NMDC to auction 40,000 t of pellets from Donimalai

NMDC has scheduled an auction for 40,000 t of iron ore pellets (6-16 mm, Fe 63%) from its Donimalai pellet plant in Bellary, Karnataka on 28 Mar’24. In the last auction on 15 Mar’24, out of 27,000 t of iron ore pellets (6-16 mm, Fe 63%), only 5,000 t of pellets got booked at the base price of INR 10,100/t. Prices are on FOT basis, excluding taxes.