National Mineral Development Corporation (NMDC) is going to conduct 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.
Earlier in the last week of May’18 NMDC (C.G) increased prices by INR 100-170/MT. Baila fines prices have moved up by INR 100/MT and prices of Baila lump and ROM by INR 150/MT. DR-CLO prices have increased by INR 170/MT.
According to rake movement data maintained with SteelMint, the procurement by outside units of C.G from NMDC, Chhattisgarh has increased by 1% M-o-M to 276 rakes in May’18 as against 272 rakes in Apr’18. Procurement of NMDC iron ore by Chhattisgarh based units decreased to 43 rakes in May’18 as against 45 rakes in May’18 by units within the state. However, it is observed that from the last few month procurements has been in the lower side as usually, CG based units procure 65-70 rakes of iron ore every month from NMDC, Chhattisgarh.
Product description:
| Product | Grade | Size(mm) | Qty(in MT) | Location |
| DRCLO | Fe 67% | 10-40 | 40,000 | Bacheli Mechanical Railway Siding |
| ROM | Fe 65.5% | 10-150 | 32,000 | Bacheli Mechanical Railway Siding |
| Lump | Fe 65.5% | 6-40 | 60,000 | Kirandul Mechanical Railway Siding |
| Fines | Fe 64% | (-)10 | 20,000 | Bacheli Mechanical Railway Siding |
| Fines | Fe 64% | (-)10 | 16,000 | Kirandul Mechanical Railway Siding |
Source: SteelMint Research
Last date for submitting the required documents is 07 Jun’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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