India: Over 65,000 t of iron ore booked in NMDC’s Chhattisgarh auction

NMDC conducted an auction for 109,200 t of iron ore on 11 and 12 Jun’24 from its Bacheli mines.

  • 25,800 t DR-CLO (10-40 mm, Fe 67%) was booked at a premium over base prices.
  • 34,000 t fines (Fe 64%) were sold at the base price of INR 5,652/t.
  • 6,000 t Baila lumps (10-20 mm, Fe 65.5%) sold at a premium over base prices of INR 7,000/t.