National Mineral Development Corporation (NMDC) is going to conduct an e-auction of 24,000 MT calibrated lump ore, 24,000 MT iron ore lump, 128,000 MT iron ore fines and 20,000 MT ROM on 13 Dec’16. The material shall be delivered on FoR ex-mine basis. Material has been offered from Chhattisgarh region, namely Kirandul and Bacheli mines.
Product description
| Product | Grade | Size(mm) | Qty(in MT) | Location |
| CLO | Fe 67% | 10-40 | 24,000 | Bacheli Mechanical Railway Siding |
| ROM | Fe 65.5% | 10-150 | 20,000 | Bacheli Mechanical Railway Siding |
| Lump | Fe 65.5% | 6-40 | 24,000 | Kirandul Mechanical Railway Siding |
| Fines | Fe 64% | (-)10 | 20,000 | Bacheli Mechanical Railway Siding |
| Fines | Fe 64% | (-)10 | 40,000 | Kirandul Mechanical Railway Siding |
| Slimes | Fe 57% | (-)0.5 | 48,000 | Bacheli Mechanical Railway Siding |
| Slimes | Fe 60% | (-)0.5 | 20,000 | MV Siding, Kirandul |
Source: SteelMint Research
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.
The contract period is of 45 days from the date of issuance of acceptance letter.
Last date for submitting the required documents is 13 Dec’16 till 12:00 hrs and the auction will start on same day at 13:00 hrs.
NMDC raised fines prices by INR 100/MT w.e.f 29 Nov’16
In its latest price revision done on 29 Nov’16, NMDC has raised fines prices by INR 100/MT, while lump prices continue to remain unchanged.
NMDC iron ore prices w.e.f 29 Nov’16
| Size | Grade (Fe %) | Prices |
| 10-40 mm, DR CLO | 67 | 2,420 |
| Baila lump , 6-40 mm | 65 | 2,100 |
| ROM, 10-150 mm | 65 | 1,890 |
| Blue Dust/ Fines | 64 | 1,860 |
FOR Prices in INR/MT
Royalty, DMF, NMET, & other taxes extra
Source: SteelMint Research
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