National Mineral Development Corporation (NMDC) scheduled an auction on 16 Aug’22 for sale of 376,000 t of iron ore from its Kumaraswamy mines, Karnataka. According to market sources, the entire quantity of 188,000 t each of fines (Fe56.43-63.77%) and lumps (Fe62.05-65.33%) was booked at around INR 1,475-2,185/t and INR 2,450-2,829/t, respectively. Prices are exclusive of royalty, DMF and NMET.
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