Tag: NMDC CG iron ore auction result

India: Bids for DRCLO remain stable, for Baila lumps rise at NMDC Chhattisgarh’s iron ore auction

Jan 30, 2025

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by

Ratiram Gurjar

in Fines/Lumps

NMDC auctioned 431,400-t iron ore from Chhattisgarh on 29 Jan’25: Bacheli: Of 73,100-t DRCLO (10-40 mm, Fe 67%), 51,600-t booked at INR 7,130/t (base price, same bids at previous auction); entire 10,000-t Baila-sized lumps (10-20 mm, Fe 65.5%) booked at INR 6,630/t (INR 6,500/t base price, bids of INR 6,615/t previously); 215,000-t fines (Fe 64%)…