India: Bids remain stable at NMDC’s Donimalai iron ore auction

NMDC held an iron ore e-auction from its Donimalai mine on 9 Nov’21 at which 24,000 t was booked out of a total quantity of 540,000 t.

• Arjas steel Pvt. Ltd. emerged as the largest buyer with 20,000 t, followed by Srikalahasthi Pipes Ltd. with 4,000 t.
• The iron ore fines (Fe 59%) lot was booked at INR 3,270/t (basic, taxes extra).