India: NMDC’s pellet auction from Karnataka receives tepid response

NMDC had an auction for 16,000 t of iron ore pellets (6-16 mm, Fe 63%) from its Donimalai pellet plant in Bellary, Karnataka on 12 Mar’24. According to sources, only 5,000 t of pellets got booked at base price of INR 10,100/t. Prices are on FOT basis, excluding taxes.