India: JSW reduces floor price for upcoming iron ore fines auction

Private steel producer JSW Steel has scheduled an auction for 300,200 t of iron ore fines (Fe 54-56%) on 13 Dec’21. The material is from the company’s Jajang mine in Odisha’s Keonjhar district. The floor price for the auction has been set at INR 300/t ex-mines. At JSW’s previous iron ore fines auction, Fe 55-57% material was booked at INR 500/t ex-mines.


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