India: Around 15,000 t of iron ore receive bids at NMDC’s Chhattisgarh auctions

NMDC auctioned 384,400-t iron ore from Chhattisgarh on 31 Dec’24, but only 14,600 t received bids.

• Bacheli: 30,100-t DRCLO (10-40 mm, Fe 67%), 215,000-t fines (Fe 64%) remained unsold, while 6,000-t Baila-sized lumps (10-20 mm, Fe 65.5%) were sold at INR 6,870/t, largely stable against base price.
• Kirandul: Of 133,300-t ROM (10-150 mm, Fe 65.5%), 8,600 t were sold at INR 5,920/t (base price).
• Prices on FOR, ex-stockpile/mines basis, including royalty, DMF, NMET.