India: Premiums remain largely stable in NMDC’s DR CLO auction

NMDC auctioned 163,400 t of iron ore from its Bacheli mines on 22 May.

• 21,500 t of DR CLO (10-40 mm, Fe 67%) were booked at INR 7,480/t, i.e., 2.9% premium against a base price of INR 7,270/t. Meanwhile, the previous auctions saw an average premium of 3.4%.
• 141,900 t of fines (-10 mm, Fe 64%) were left unsold.

Prices include royalty, DMF, and NMET.