- NMDC to offer 350,000 t of iron ore from Kumaraswamy
- Price excludes royalty, DMF and NMET
NMDC is set to auction around 430,000 tonnes (t) of iron ore from its Karnataka mines on 21–22 October 2026.
NMDC Kumaraswamy: 122,000 t of lumps (10-40 mm, Fe 57.95-61.87%) and 228,000 t of fines (Fe 57.05-61.58%) will be auctioned on 22 October.
NMDC Donimalai: 80,000 t of lumps (10-40 mm, Fe 53%) will be auctioned on 21 October.
Base prices are yet to be announced. The auction prices will include royalty, DMF and NMET charges.
In its previous auction on 8 October, NMDC Kumaraswamy booked 52,000 t of fines (Fe 53.16-62.16%) at INR 2,002-4,749/t ($21-50/t) against 68,000 t offered. One lot attracted a premium of INR 770/t ($8/t) over the base price. Meanwhile, all 59,000 t of lumps (10-40 mm, Fe 56.46-60.86%) were booked at INR 3,144-4,976/t ($33-52/t), with one lot fetching a premium of INR 690/t ($7/t).
The previous auction witnessed full booking of offered lumps and selective premiums across both product categories, while fines saw partial booking. The upcoming auction will provide an indication of demand across grades amid prevailing market conditions.
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