Karnataka: NMDC Kumaraswamy iron ore auction fetches sharp premiums of up to INR 1,510/t

NMDC auctioned 185,000-t iron ore from Kumaraswamy, Karnataka, on 23 Jul’25. The entire quantity was booked, commanding premiums of up to INR 1,180/t for lumps and INR 1,510/t for fines. Specifically, 77,000-t lumps (10-40 mm, Fe 57.37-64.17%) were sold at INR 4,002-6,181/t against base prices INR 3,531-5,401/t. Meanwhile, 108,000-t fines (Fe 58.15-62.61%) were booked at INR 3,359-5,683/t against base prices INR 3,170-4,173/t. Prices include royalty, DMF, NMET.