India: Buyers book over 25,000 t pellets in NMDC’s auction from Donimalai

NMDC had concluded an auction for 50,000 t of iron ore pellets (6-16 mm, Fe 63%) from its Donimalai pellet plant in Bellary on 6 Jul’24. As per sources, out of the total quantity 29,000 t of pellets got booked at the base price of INR 9,200/t. Price is on ex-pellet plant (FOT) basis, excluding taxes.