India: NMDC to auction around 70,000 t of iron ore from Chhattisgarh

NMDC Chhattisgarh will auction 69,900-t iron ore from Bacheli on 13 Nov’25, comprising 6,000-t Baila-sized lumps (10-20 mm, Fe 65.5%), 8,000-t ROM (10-150 mm, Fe 65.5%), 43,000-t fines (Fe 64%), and 12,900-t DRCLO (10-40 mm, Fe 67%). At the 7 Nov auction, 12,900-t DR CLO and 6,000-t lumps were sold at 11% and 12.5% premiums, respectively, with 12,900-t fines booked at base price INR 4,790/t. Prices are on a FOR basis, including royalty.


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