India: Entire quantity of lumps booked in NMDC's iron ore auction from Chhattisgarh
NMDC conducted an auction for 8,000 t of Baila iron ore lumps (10-20 mm, Fe 65.5%) from its Bacheli mines on 13 Sep'24. According to sources, the entire quantity of lumps was booked at INR 6,622/t against the base price of INR 5,850/t. Prices were on FOR, ex-stockpile/mines basis, including royalty, DMF, and NMET.