India: NMDC hikes base prices by up to INR 400/t ($5/t) for iron ore auction from Karnataka

NMDC has revised the base prices for today’s iron ore auction from the Donimalai mines in Karnataka. Post-revision, fines (-10 mm, Fe 58%) stood at INR 3,932/t ($47/t), up by INR 395/t ($5/t), while lumps (10-40 mm, Fe 58%) were at INR 4,603/t ($55/t), up by INR 379/t ($4/t). Prices include royalty, DMF, and NMET.