National Mineral Development Corporation (NMDC) has raised iron ore base prices in Karnataka e-auctions to be held in Jan’17 in line with its price hike in Chhattisgarh mines.
In the advance e-auction conducted today (i.e. 04 Jan’17) by NMDC Donimalai mines, base price of iron ore lump and fines of various grades has moved up by about INR 100-130/MT on monthly premises.
Base prices of fines (Fe 60.2%) moved up to INR 2,083/MT for Jan’17. In Dec’16 e-auctions, the same material was base priced at INR 1,980/MT. On similar lines, base price of low grade fines (Fe 58%) is presently at INR 1,839/MT which was observed at INR 1,750/MT in Dec’16 e-auctions.
On the other side, base prices of lump (Fe 62.2%) has moved up from INR 2,286/MT in Dec’16 auctions to INR 2,397/MT in Jan’17 e-auctions.
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