Karnataka: KSMCL’s iron ore auction fetches weak response; NMDC schedules fresh auction

  • KSMCL: Of the 224,000-t iron ore offered, only 4,000-t lumps (10-40 mm, Fe 64.3%) and 48,000-t fines (Fe 62.11-62.54%) were booked at INR 5,478/t and INR 4,704-4,736/t (all at base prices excluding taxes), respectively, on 25 Jul’25.
  • NMDC *Kumaraswamy: NMDC will auction 196,000-t iron ore on 30 Jul’25. The offered quantity includes 48,000-t lumps (10-40mm, Fe 58.93-59.74%) and 148,000-t fines (Fe 56.21-60.19%). Floor prices are yet to be declared.*Correction: NMDC Donimalai has been replaced by NMDC Kumaraswamy.