NMDC conducted an auction for 10,000 t of iron ore lumps (10-20 mm, Fe 65.5%) from its Bacheli mines in Chhattisgarh on 19 Apr’24. According to sources, the entire quantity was booked at a premium of 11% over the base price of INR 6,297/t. Prices are on FOT, ex-stockpile/mines basis and inclusive of royalty, DMF and NMET.
