India: Over 120,000 t of iron ore booked in NMDC’s auction from Chhattisgarh

NMDC conducted an auction for over 223,000 t of iron ore from Chhattisgarh on 2 May’24.

  • Bacheli: 17,200 t of DR-CLO (10-40 mm, Fe 67%) was booked at a premium of 1%, 17,200 t of ROM (10-150 mm, Fe 65.5%) was booked at the base price and 86,000 t of fines (Fe 64%) at a premium of 0.2%. Prices include royalty, DMF and NMET.
  • Kirandul: 103,200 t of ROM (10-150 mm, Fe 65.5%) remained unsold.