NMDC had conducted over 100,000 t iron ore auctions from its Bacheli mines in Chhattisgarh on 31 Jan in which the entire quantity was booked by steelmakers in the auction.
- 16,800 t of DRCLO (10-40mm, Fe 67%), and 33,600 t of ROM (10-150mm, Fe 65.5%) were booked at INR 8,410 and INR 5,970/t while 50,400 t of fines (Fe 64%) was booked at INR 6,100/t.
- Prices include royalty, DMF, and NMET.
- Bids fetched were higher by INR 1,190/t in DR CLO and INR 790/t in fines.