Jharkhand iron ore auction postponed with state-owned corporation in the lead

India: Around 318,000 t of iron ore to be auctioned from Odisha

  • JSW Steel Ltd has scheduled an auction for 150,100 t of iron ore lumps (Fe61-62%) on 1 Sept’22 from its Narayanposhi mines in Odisha. The floor price is set at INR 5,700/t.
  • AM/NS India will auction around 72,000 t of lumps (Fe61-62.5%) and 48,000 t of fines (Fe57-58.5%) from its Sagasahi mines on 2 Sept’22. The floor price for lumps and fines are INR 5,700-6,100/t and INR 1,500-1,850/t, respectively.
  • Prices are inclusive of royalty, DMF and NMET.

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