India: Around 240,000 t booked in NMDC Karnataka’s iron ore auctions
NMDC Karnataka’s auctions on 2 and 3 Dec recorded bookings of 240,000 t iron ore. Lumps fetched premiums of up to INR 720/t.
- Kumaraswamy (3 Dec): 96,000-t lumps (10-40 mm, Fe 59.63-61.21%) booked at INR 4,145-4,415/t against base price of INR 3,695-4,082/t; 116,000-t fines (Fe 56.17-61.29%) booked at INR 2,453-3,804/t.
- Donimalai (2 Dec): 28,000-t lumps (10-40 mm, Fe 55%) booked at base price of INR 2,850/t.
Prices include royalty, DMF, and NMEDT.
