Tag: india iron ore lumps
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India: Over 100,000 t of iron ore fetches premiums at auctions by Karnataka miners
At NMDC’s Donimalai auction (25 Sep’25) 28,000 t (10-40 mm, Fe 56%) lumps were booked at 7% premium (INR 2,738/t base price) and 20,000 t fines (Fe 56%) received 1.5% premium ( INR 2,989/t base price). Moreover, at SMIORE’s auction on 19 Sep, 27,000 t (5-20 mm, Fe 54.2-57.3%) lumps fetched INR 3,480-4,510/t, 14,000 t…