Steel major JSW Steel had scheduled an auction for 833,450 t of iron ore fines (Fe 53-55%) on 01 Mar’22 from its Jajang mines in Odisha in which 296,250 t was booked at INR 1,250/t ex-mines including royalty, DMF and NMET. The miner had lowered its base price to INR 1,650/t against its previous e-auction held on 22 Feb’22 which fetched subdued response due to bid-offer disparity.
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