India: MSTC conducts Auction for Sale of Iron Ore

Metal Scrap Trade Corporation (MSTC) invites bid for sale of Iron ore from different Iron ore mines/Stockyard at Karnataka.

Material will be available for sale on ‘As is Where is’ basis.

The e-auction is for registered Steel plants, Pig iron plants, Pelletisation plant, Sponge iron plants and Beneficiation plants which have been wholly/partly dependent on Iron ore from Karnataka for their own use.

There are two auctions which are scheduled on the same day i.e. on 13 Feb, 2014 at 13.00 hrs & 15.00 hrs.

 Auction 1:

  • Iron ore fines: 180,000 MT
  • Iron ore lumps: 36,000 MT
  • Iron ore ROM: 280,000 MT
  • Total quantity: 496,000 MT
  • Bid opening time: 13.00 hrs on 13 Feb, 2014

Auction 2:

  • Iron ore fines: 120,000 MT
  • Iron ROM: 196,000 MT
  • Iron ore lumps: 8,000 MT
  • Total quantity: 324,000 MT
  • Bid opening time: 15.00 hrs on 13 Feb, 2014

 Bid submission due date: Before 10.00 hrs on 13 Feb, 2014

Royalty, Forest development Tax, Sales tax, Cess and other statutory duties & levies etc. applicable at the time of supplies will be extra and payable by the successful bidder.

MSTC extended its advance e-auction date from 06 Feb to 10 Feb; another auction is from 07 Feb to 11 Feb.


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