India: Sri Kumaraswamy Mineral Exports’ iron ore auction receives no response

Sri Kumaraswamy Mineral Exports Pvt Ltd scheduled an auction on 26 Sep’22 for sale of around 60,000 t of iron ore (fines and lumps) from its Ramanadurga mines in Karnataka. According to market sources, the auction did not receive any response. The floor prices for fines and lumps were INR 2,414-3,844/t and INR 4,185-4,365/t, respectively (excluding royalty, DMF and NMET).


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