In NMDC’s auction for 252,000 t of iron ore from its Kumaraswamy mines on 20 Jul’24 the following quantities were booked: 128,000 t lumps (10-40 mm, Fe 61.34-63.34%) at INR 4,705-5,309/t against base price of INR 4,588-5,039/t and 124,000 t fines (Fe 58-62.74%) at INR 3,659-4,171/t against base price of INR 3,249-4,161/t ex-mines, including royalty, DMF and NMET. Bid prices rose by INR 270/t and INR 420/t for lump and fines.
Leave a Reply