India: Around 150,000 t booked in NMDC Karnataka's iron ore auctions; lumps fetch premiums
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 4,300-4,404/t; 52,000-t fines (Fe 60.4-60.72%) at up to 4% premium against INR 3,883-3,960/t.