Tag: India iron ore auction

India: Around 150,000 t booked in NMDC Karnataka’s iron ore auctions; lumps fetch premiums

Aug 21, 2025

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by

Adarsh Sahu

in Fines/Lumps

NMDC Karnataka’s auctions saw 148,000-t iron ore booked. Lumps fetched premiums of up to 7%. Donimalai (19 Aug): 16,000-t lumps (10-40 mm, Fe 55%) and 16,000-t fines (Fe 56%) at INR 3,348/t and INR 2,994/t (INR 5/t premium), respectively. Kumaraswamy (20 Aug): 64,000-t lumps (10-40 mm, Fe 59.35-59.71%) at 4-7% premium against base price INR…