National Mineral Development Corporation (NMDC) will conduct an e-auction of 52,000 MT iron ore lump, 220,000 MT iron ore fines and 60,000 MT ROM on 19 Jan’16. The material shall be delivered on FoR ex-mine basis. Material has been offered from Chhattisgarh region, namely Kirandul and Bacheli mines.
Product Description
| Product | Grade | Size (mm) | Qty (in MT) | Location |
| CLO | Fe 67% | 10-40 | 40,000 | Bacheli Mechanical Railway Siding |
| ROM | Fe 65.5% | 10-150 | 60,000 | Bacheli Mechanical Railway Siding |
| Lump | Fe 65.5% | 6-40 | 12,000 | Kirandul Mechanical Railway Siding |
| Fines | Fe 64% | (-)10 | 100,000 | Bacheli Mechanical Railway Siding |
| Fines | Fe 64% | (-)10 | 120,000 | Kirandul Mechanical Railway Siding |
Source: SteelMint Research
Interested buyers should give their quotations in INR/MT FoR, exclusive of royalty, sales tax and any other statutory duties, levies and taxes etc, which are applicable at time of supply. Last date for bid submission will be 19 Jan’16 at 12.00 hrs and the auction will be conducted on the same day at 14.00 hrs.
NMDC Rolls over Prices for Jan’16
National Mineral Development Corporation (NMDC) has kept iron ore prices unchanged for Jan’16 deliveries. The miner had cut lump prices by upto INR 360/MT and kept fines prices unchanged for Dec’15.
NMDC Iron Ore Prices for Jan’16
| Size | Grade (Fe %) | Prices |
| 10-40 mm, DR CLO | 67 | 2,180 |
| Baila lump , 6-40 mm | 65 | 1,800 |
| ROM, 10-150 mm | 65 | 1,610 |
| Blue Dust/ Fines | 64 | 1,560 |
Prices in INR/MT excluding DMF@30% of royalty
Royalty@15% and other taxes extra
Source: SteelMint
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