NMDC Bacheli had conducted an auction for 88,200 t iron ore from Chhattisgarh on 17 Feb. According to sources, 16,800 t of DRCLO (10-40mm, Fe67%) got booked at INR 8,280/t against base price of INR 7,220/t, in addition, 67,200 t of fines (Fe64%) got booked at INR 6,510/t against base price INR 5,310/t and 4,200 t ROM (10-150mm, Fe65.5%) remained unsold. Prices are on FOR, ex-mines basis inclusive of taxes.
