- Kumaraswamy auction sees firm uptake for fines and lumps
- Donimalai fines fully booked, while lump bookings remain limited
Mining giant NMDC recorded bookings of 111,000 tonnes (t) of iron ore across fines and lumps at its Kumaraswamy mines auction in Karnataka on 8 October 2026, indicating stronger uptake across grades. Meanwhile, the Donimalai auction on 9 October saw full booking of fines, while lump bookings remained limited.
At Kumaraswamy, 52,000 t of fines (Fe 53.16-62.16%) were booked at INR 2,002-4,749/t ($21-50/t) against 68,000 t offered. One lot attracted a premium of INR 770/t ($8/t) over its base price, indicating firm demand for select grades. Additionally, all 59,000 t of lumps (10-40 mm, Fe 56.46-60.86%) offered were booked at INR 3,144-4,976/t ($33-52/t), with one lot attracting a premium of INR 690/t ($7/t) over its base price.
At Donimalai, only 8,000 t of lumps (10-40 mm, Fe 53%) were booked at the base price of INR 1,989/t ($21/t) against 52,000 t offered. In contrast, the entire 40,000 t of fines (Fe 58%) was booked at INR 2,864/t ($30/t).
All prices are ex-mines and exclude royalty, DMF and NMET.
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