India: Over 30,000 t of iron ore receive bids in NMDC Chhattisgarh auction

NMDC Chhattisgarh auctioned 69,900-t iron ore from Bacheli on 6 Nov'25. All 12,900-t DR CLO (10-40 mm, Fe 67%, base INR 6,250/t) and 6,000-t lumps (10-20 mm, Fe 65.5%, base INR 5,700/t) were sold at 11% and 12.5% premiums, respectively. Meanwhile, of 43,000-t fines (Fe 64%), 12,900 t were sold at base price INR 4,790/t. 8,000-t ROM (10-150 mm, Fe 65.5%) remained unsold. Prices were on FOR basis, inclusive of royalty, DMF, and NMEDT.