India: NMDC’s iron ore auction from Chhattisgarh gets decent response

NMDC conducted an auction for over 195,000 t of iron ore from Chhattisgarh on 24 Apr’24.

  • Bacheli: 25,800 t of DR-CLO (10-40 mm, Fe 67%) was booked above the base price of INR 7,072/t and 86,000 t of iron ore fines (Fe 64%) were booked at the base price of 5,098/t. Prices include royalty, DMF and NMET. 12,900 t of ROM remained unsold.
  • Kirandul: 73,100 t of ROM remained unsold.