India: Bids for iron ore lumps rise sharply at NMDC’s Chhattisgarh auction

India’s leading iron ore miner, NMDC, conducted an auction on 20 Jul’21 for 50,400 t of iron ore from the company’s Kirandul mines in Chhattisgarh, as per SteelMint reports. Key highlights of the auction:

• The auction received active participation with the entire quantity getting booked.
• Bids for Baila iron ore lump moved up by around INR 2,060/t over the set base price.
• Bids for fines moved up by around INR 620/t over the set base price.