India’s largest iron ore miner, National Mineral Development Corporation (NMDC), had scheduled two iron ore auctions from Chhattisgarh on 23 Mar’22. The material offered was DR-CLO, Baila lumps, fines and ROM. The entire lot of 16,800 t of DR-CLO (10-40mm, Fe 67%) was booked at a premium of 33% (around INR 2,400/t) against the base price of INR 7,254/t. However, the lots comprising lumps and fines received flat bids, sources said.
Leave a Reply