National Mineral Development Corporation (NMDC) auction has received a good response in the e-auction conducted on 7th June 2018. The miner conducted an e-auction of 40,000 MT calibrated lump ore, 32,000 MT ROM, 60,000 MT iron ore lump and 36,000 MT iron ore fines. As per the sources, 2 rakes of DR CLO (Fe 67%) and 9 rakes of Fines (Fe 64%) were booked.
SteelMint has also learned from the sources that, West Bengal based steel maker- Electrosteel had participated and bought Fines (Fe64%).
Last week of May’18 NMDC (C.G) increased prices by INR 100-170/MT. Baila fines prices have moved up by INR 100/MT and prices of Baila lump and ROM by INR 150/MT. DR-CLO prices have increased by INR 170/MT.
Product description:
| Product | Grade | Size(mm) | Qty(in MT) | Location |
| DRCLO | Fe 67% | Oct-40 | 40,000 | Bacheli Mechanical Railway Siding |
| ROM | Fe 65.5% | 10-150 | 32,000 | Bacheli Mechanical Railway Siding |
| Lump | Fe 65.5% | Jun-40 | 60,000 | Kirandul Mechanical Railway Siding |
| Fines | Fe 64% | (-)10 | 20,000 | Bacheli Mechanical Railway Siding |
| Fines | Fe 64% | (-)10 | 16,000 | Kirandul Mechanical Railway Siding |
Source: SteelMint Research
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