NMDC’s auction from Donimalai mines receives weak response

NMDC had conducted an iron ore e-auction on 24 Nov’21 from Donimalai at which 4,000 t of material was booked out of the total quantity of 540,000 t put to auction. Highlights:

  • JR Metal Chennai Ltd. purchased the entire quantity of 4,000 t at INR 4,655/t.
  • The iron ore lumps (Fe 61%) lot was booked at INR 4,655/t (basic, taxes extra), largely stable against the last auction on 9 Nov.

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