India: Around 100,000 t of iron ore sold in recent Karnataka auctions

  • Sri Kumaraswamy Mineral Exports conducted a 152,000 t iron ore auction on 14 Oct’22 of which only 4,000 t of lumps were booked at the base price.
  • At BKG Mining’s auction for 76,000 t, only high-grade fines received bids while the remaining lots remained unsold.
  • Meanwhile, at Vedanta’s auction, the entire quantity of 80,000 t of fines was booked at the base price.

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