NMDC had an auction for 204,000 t of iron ore on 24 Jun’24 from its Kumaraswamy mines.
- 108,000 t lumps (10-40 mm, Fe 60.86-63.79%) got booked at INR 4,919-5,929/t against the base price of INR 4,909-5,629/t.
- 96,000 t fines (Fe 62.78-63.57%) got booked at INR 4,667-5,105/t against the base price of INR 4,647-4,815/t. Prices are on ex-mines basis, including royalty, DMF and NMET.
- Notably, bid prices for lumps and fines were higher by INR 300/t and 290/t, respectively.
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