India: NMDC Kumaraswamy iron ore auction fetches premium bids-19 Apr’24

  • 64,000 t of lumps (10-40 mm, Fe 61.27-61.94%) were booked at INR 5,280-5,587/t against the base price of INR 4,440-4,587/t.
  • 76,000 t of fines (Fe 58.12-62.13%) were booked at INR 3,758-4,145/t against the base price of INR 3,228-3,995/t (incl royalty, DMF & NMET)
  • Bid prices for lumps and fines were higher by around INR 1,000/t and 530/t, respectively.