National Mineral Development Corporation (NMDC) conducted an auction today for sale of 593,000 t of iron ore from its Kumaraswamy mines in Karnataka. According to sources, the entire quantity of 336,000 t of fines (Fe56.29-64.21%) and 257,000 t of lumps (Fe57.62-65.77%) was booked at around INR 1,461-2,228/t and INR 1,914-2,882/t, respectively. Prices exclude royalty, DMF and NMET.
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