NMDC Donimalai & kumarswamy mines located in the states of Karnataka which had offered 568,000 MT of Iron ore through e-auction on 10 June 2013 at 18:19 IST got a good response from the bidder . Total number of bids was 318, out of which Number of bidders 13 & number of winners are 6.
Details of quantity offered:
Iron ore fines 368,000 MT
Calibrated lumps ore (CLO) 200,000 MT
Detail of quantity sold:
Iron ore fines, Fe 62.03%, and Total quantity offered 44000 MT
JSW Steel ltd, Booking price 2377, Quantity purchased 44000 MT
Sold at floor price i.e. 2377
Royalty 10%, VAT 5.5% (on auction price and royalty), FDT 12% are applicable.
Calibrated lumps ore, Fe 63%, and Total quantity offered 100,000 MT
Sathavahana ISPAT, Booking price 3892, , Quantity Purchased 4000 MT
96000 MT of CLO Offered for bidding unsold & remaning 4000 was sold on floor price.
Royalty 10%, VAT 5.5% (on auction price and royalty) is applicable.
Iron ore fines, Fe 61%, and Total quantity offered 12000
JSW Steel ltd, Booking price 2465, Quantity purchased 12000 MT
Royalty 10%, VAT 5.5% (on auction price and royalty), are applicable
Calibrated lumps ore, Fe 65%, and Total quantity offered 100,000 MT
JSW Steel ltd, Booking price 4130, , Quantity Purchased 24000 MT
Mukand ltd, Booking price 4130, , Quantity Purchased 4000 MT
SBQ Steel, Booking price 4130, , Quantity Purchased 4000 MT
68000 MT of CLO Offered for bidding unsold & remaining 32000 were sold on floor price.
Royalty 10%, VAT 5.5% (on auction price and royalty), FDT 12% are applicable.
Iron ore fines, Fe 62%, and Total quantity offered 12000 MT
JSW Steel ltd, Booking price 2490, Quantity purchased 12000 MT
Royalty 10%, VAT 5.5% (on auction price and royalty), FDT 12% are applicable.
Iron ore fines, Fe 53%, and Total quantity offered 200,000 MT
Ramanjaneya Ispat, Booking price 1500, Quantity purchased 100,000 MT
JSW Steel ltd, Booking price 1480, Quantity purchased 100,000 MT
Royalty 10%, VAT 5.5% (on auction price and royalty), FDT 12% are applicable.
Iron ore fines, Fe 53%, and Total quantity offered 100,000 MT
Ramanjaneya Ispat, Booking price 1490, Quantity purchased 40,000 MT
SLV Steels and alloy, Booking price 1490, Quantity purchased 40,000 MT
JSW Steel ltd, Booking price 1480, Quantity purchased 20,000 MT
Royalty 10%, VAT 5.5% (on auction price and royalty), FDT 12% are applicable.
There is 52.43% increase in the booking price against the floor price. Iron ore fines price increased by 50% against the floor price which shows a good bidding in fines , JSW Steels , Ramanjaneya Ispat, SLV Steels and alloy are the main winning bidders.
Less interest was shown on the purchase of CLO. 82% of high grade fine was unsold, Remaining 12% were sold on floor price.
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