NMDC had an auction for 224,000 t of iron ore on 22 May’24 from its Kumaraswamy mines.
- 48,000 t lumps (10-40 mm, Fe 62.01%) got booked at INR 5,825/t against the base price of INR 4,965/t
- 176,000 t fines (Fe 58.92-63.44%) got booked at INR 3,552-5,394/t against the base price of INR 3,542-4,444/t. Prices are on ex-mines basis, including royalty, DMF and NMET.
- Notably, bid prices for lumps and fines were higher by INR 860/t and 950/t, respectively.