Tag: NMDC iron ore auction result

India: Over 95% of iron ore left unsold at NMDC’s Chhattisgarh auction

Nov 28, 2024

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by

Ratiram Gurjar

in Fines/Lumps

NMDC auctioned 313,600-t iron ore from Chhattisgarh on 27 Nov’24, of which over 95% remained unsold. Bacheli: Of 47,300-t DRCLO (10-40 mm, Fe 67%), 12,900 t sold at INR 7,480/t (base price). 197,800-t fines (Fe 64%) and 4,000-t Baila-sized lumps (10-20 mm, Fe 65.5%) unsold. Kirandul: 64,500-t ROM (10-150 mm, Fe 65.5%) unsold. In NMDC’s…