National Mineral Development Corporation (NMDC) is going to conduct an e-auction of 24,000 MT calibrated lump ore, 40,000 MT ROM, 60,000 MT iron ore lump and 24,000 MT iron ore fines.
The Iron Ore will be delivered on FOR Ex-Mine Basis by Rail and the contract period is 45 days from the date of issuance of offer.
This rate should be valid for 10 (ten) working days from the date of online auction for the acceptance by the NMDC. Once the rate is accepted by the NMDC the price shall remain firm during the period of contract.
Product description:
| Product | Grade | Size(mm) | Qty(in MT) | Location |
| DRCLO | Fe 67% | 10-40 | 24,000 | Bacheli Mechanical Railway Siding |
| ROM | Fe 65.5% | 10-150 | 40,000 | Bacheli Mechanical Railway Siding |
| Lump | Fe 65.5% | 6-40 | 60,000 | Kirandul Mechanical Railway Siding |
| Fines | Fe 64% | (-)10 | 12,000 | Bacheli Mechanical Railway Siding |
| Fines | Fe 64% | (-)10 | 12,000 | Kirandul Mechanical Railway Siding |
The miner conducted an e-auction of 40,000 MT calibrated lump ore, 32,000 MT ROM, 60,000 MT iron ore lump and 36,000 MT iron ore fines on 07 Jun’18. As per the sources, 2 rakes of DR CLO (Fe 67%) and 9 rakes of Fines (Fe 64%) were booked. SteelMint has also learned from the sources that, West Bengal based steel maker- Electrosteel had participated and bought Fines (Fe64%).
NMDC rolls over Iron ore prices in Chhattisgarh -:
NMDC (C.G) has kept prices unchanged in its price revision made on 22nd Jun’18 prices revision. Last month, NMDC, Chhattisgarh increased prices by INR 100-170/MT.
| Size | Grade (Fe %) | Prices (INR) | Change (INR/MT) |
| 10-40 mm, DR CLO | 67 | 3,540 | = |
| Baila lump , 6-40 mm | 65 | 3,050 | = |
| ROM, 10-150 mm | 65 | 2,810 | = |
| Blue Dust/Fines | 64 | 2,660 | = |
F.O.R prices in INR/MT
Royalty, DMF, NMET and other taxes extra
Source: SteelMint Research
Due Date:
Last date for submitting the required documents is 06 July’18 till 12:00 hrs and the auction will start on same day at 13:00 hrs.
For contact details and other information view TENDER SECTION
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