NMDC had an auction for 77,000 t of iron ore on 12 Mar’24 from its Kumaraswamy mines.
- 29,000 t lumps (10-40 mm, Fe 60.36-63.54%) got booked at INR 4,072-6,354/t against the base price of INR 4,072-4,745/t
- 48,000 t fines (Fe 55.21-63.40%) got booked at INR 2,834-5,704/t against the base price of INR 2,834-4,484/t. Prices are on ex-mines basis, including royalty, DMF and NMET.
- Notably, bid prices for lumps and fines were higher by INR 1,730/t and 1,220/t, respectively.