NMDC conducted an auction for 25,200-t (10-40 mm, Fe 67%) of iron ore from its Bacheli mines on 14 Aug’25. Around 8,000-t Baila sized lumps (10-20 mm, Fe 65.5%) was booked at INR 6,899/t (9.5% premium) and 17,200-t DR CLO (10-40 mm, Fe 67%) at INR 7,428/t (7.5% premium). Prices were on FOR basis, inclusive of royalty, DMF, and NMET.
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