National Mineral Development Corporation (NMDC) is going to conduct an e-auction of 64,000 MT iron ore lump, 108,000 MT iron ore fines and 40,000 MT ROM on 14 Sep’16. The material shall be delivered on FoR ex-mine basis. Material has been offered from Chhattisgarh region, namely Kirandul and Bacheli mines.
Interested buyers should give their quotations in INR/MT FoR, exclusive of royalty, sales tax and any other statutory duties, levies and taxes etc, which are applicable at time of supply. Last date for bid submission will be 14 Sep’16 at 12.00 hrs and the auction will be conducted on the same day at 13.00 hrs.
Product Description
| Product | Grade | Size (mm) | Qty (in MT) | Location |
| CLO | Fe 67% | 10-40 | 16,000 | Bacheli Mechanical Railway Siding |
| ROM | Fe 65.5% | 10-150 | 40,000 | Bacheli Mechanical Railway Siding |
| Lump | Fe 65.5% | 6-40 | 48,000 | Kirandul Mechanical Railway Siding |
| Fines | Fe 64% | (-)10 | 20,000 | Bacheli Mechanical Railway Siding |
| Fines | Fe 64% | (-)10 | 20,000 | Kirandul Mechanical Railway Siding |
| Slimes | Fe 57% | 48,000 | Bacheli Mechanical Railway Siding | |
| Slimes | Fe 60% | 0.5 | 20,000 | MV Siding, Kirandul |
Source: SteelMint Research
NMDC Rolls over Prices for Sep’16
National Mineral Development Corporation (NMDC) has kept iron ore prices unchanged for Sep’16 deliveries.
|
Size |
Grade (Fe %) |
Prices |
| 10-40 mm, DR CLO | 67 | 1,960 |
| Baila lump , 6-40 mm | 65 | 1,700 |
| ROM, 10-150 mm | 65 | 1,530 |
| Blue Dust/ Fines | 64 | 1,460 |
Prices in INR/MT excluding DMF@30% of royalty
Royalty@15% and other taxes extra
Source: SteelMint Research
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