India: Around 80,000 t iron ore booked at NMDC Chhattisgarh auctions

NMDC CG auctions fetch response for 81,400 t iron ore on 8 May.

• Bacheli : 21,500 t (10-40 mm, Fe 67%) DR CLO received INR 1,200/t premium (INR 6,200/t base). 4,000 t lumps (10-20 mm, Fe 65.5%) sold at INR 6,250/t, while 90,200 t (Fe 60%) fines remained unsold.
• Kirandul: 51,600 t fines (Fe 64%, FOR basis) sold at INR 4,760/t while 68,000 t fines (FOT basis) remained unsold.
• Prices will be on FOR basis, exclusive of royalty, DMF, and NMEDT.