India: Over 50,000 t of iron ore fetch bids in NMDC’s auction from Chhattisgarh

At NMDC’s 7 Nov’24 auctions from Chhattisgarh, 50,700-t iron ore were booked.

• Kirandul: 4,300-t ROM (10-150 mm, Fe 65.5%, 43,000 t offered) sold at base price INR 5,920/t.
• Bacheli: Entire 34,400-t DR-CLO lot (10-40 mm, Fe 67%) sold at INR 8,094/t and 12,000-t lumps (10-20 mm, Fe 65.5%) at INR 7,050/t; 98,900-t fines (Fe 64%) remained unsold amid downtrend in region’s pellet market.

Prices were on FOR basis, including royalty, DMF, NMET.