Iron ore e-auction results conducted on 10th July 2013

Iron ore e-auction results  for various mines and stockyards conducted on 10th July, 2013 by MSTC, Monitoring Committee on behalf of all the mines at Karnataka. The Total quantity of iron ore offered for sale is 2,36,000 MT

Total number of bids came 84 out of which Numbers of bidders & winners are 8.

Details of quantity offered for sale:

Iron Ore Fines 28,000 MT

ROM 2,08,000 MT

Details of quantity allotted:

Total quantity 12000 MT, Fe% 48, ROM

Janki corp ltd, Booking price 610, allotted quantity 12000 MT

ROM sold at floor price 

Total quantity 16000 MT, Fe% 55, Iron ore fines 

BMM Ispat, Booking price 1270, allotted quantity 8000 MT

Xindia steels ltd, Booking price 1260,allotted quantity 8000 MT

Floor price for Iron  ore fines is 1100

Total quantity 4000 MT, Fe% 53, IOF

Xindia steels ltd, Booking price 1220, allotted quantity 4000 MT

Floor price for Iron ore fines 970

Total quantity 8000 MT, Fe% 65, Iron ore fines

Mukand ltd, Booking price 2530, allotted quantity 4000 MT

Sathavahana Ispat, Booking price2530, allotted quantity 4000 MT

Iron ore fines sold at floor price

Total quantity 48000MT, Fe% Bellow 44, ROM

JSW Steels ltd, Booking price360, allotted quantity 48000 MT

Rom sold at floor price 

Total quantity 28000 MT, Fe% 66, ROM

Sathavahana Ispat, Booking price 2990, allotted quantity 4000 Mt

Rom sold at floor price

Total quantity 4000 MT, Fe% 51, ROM

MSPL ltd EOU, Booking price 1530, allotted quantity 4000 MT

Floor price for ROM is 1320

Total quantity 8000 MT, Fe% Bellow 44, ROM

Pragati steel udyog, Booking price 360, allotted quantity 4000 MT 

JSW Steels ltd, Booking price 360, allotted quantity 4000 MT

Rom sold at floor price

Total quantity 108000 MT, Fe% Bellow 44, ROM

JSW Steels ltd, Booking price 360, allotted quantity 104000 

Pragati steel udyog , Booking price 360, allotted quantity 4000 MT

ROM sold at floor price

  

Total percentage increase in booking price over the floor price is 3.57%. 

98% of ROM sold at floor price major buyer for ROM was JSW Steels, pragati steel udyog

& Janki corp ltd in which 75% of ROM is purchased by JSW Steels ltd.