India: Around 50,000 t iron ore fetch response in NMDC Chhattisgarh auction
NMDC CG conducted an auction for 375,600 t of iron ore on 30 Apr, 47,300 t sold.
- Bacheli : 25,800 t (10-40 mm, Fe 67%) DR CLO received INR 1,550/t premium (INR 5,950/t base). 170,300 t (Fe 60%) fines remained unsold.
- Kirandul: 21,500 t fines (Fe64%, FOR basis) sold at base prices (INR 4,540/t) while 158,000 t (Fe 64%, FOT basis) fines unsold.
- Prices will be on FOR/ FOT basis, exclusive of royalty, DMF, and NMEDT.