ArcelorMittal Nippon Steel India (AM/NS India) conducted an auction for the sale of around 25,000 t of iron ore tailings (Fe50-53%) from its Dabuna beneficiation plant in Odisha on 7 Dec’22. Sources informed the entire material was sold at INR 345/wet metric tonne (WMT), while the floor price was set at INR 300/WMT. Prices are inclusive of royalty, DMF and NMET and ex-mines/loaded onto truck.
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