India: NMDC cuts base prices for Karnataka iron ore fines e-auction

NMDC has reduced the base price for iron ore fines by up to INR 150/t for today’s auction from the Donimalai mines, Karnataka, whereas the base price for lumps remains unchanged.

• The floor price for Fe 62% fines is INR 2,078/t and Fe 63% fines is at INR 2,168/t (basic, excluding royalty).
• The base price for lumps (Fe 64%) stands at INR 2,854/t (basic, excluding royalty).