Steel major JSW Steel had scheduled an auction for 604,000 t of Fe 55-57% iron ore fines today. They have received bids for the entire material booked at INR 470-480/t (ex-mines, including Royalty, DMF, and NMET), market sources reported to SteelMint. The company used the MSTC platform (a government undertaking) to conduct the e-auction from its Jajang mine in Odisha’s Keonjhar district. JSW Steel booked 23,700 t of Fe 58% iron ore fines via auction on 24 Sept’21 at INR 1,760/t (ex-mines, including Royalty, DMF, and NMET)
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