Tag: ex-mines iron ore rates

NMDC conducted an auction for 48,000 t of iron ore from its Donimalai mines, Karnataka, on 12 Aug’25. The entire 32,000 t of fines (Fe 56%) was booked at INR 3,007/t (premium of INR 18/t). Notably, around 16,000 t lumps (Fe 54%, 10-40mm) failed to attract buyers and remained unsold. Prices are on ex-mines basis…