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

India: IDCOL’s iron ore auction from Odisha receives weak response

State-owned Industrial Development Corporation of Odisha Ltd (IDCOL) had scheduled an auction on 27 Oct’22 for sale of iron ore from its Roida ‘C’ iron and manganese mine in Keonjhar, Odisha. According to market sources, only 15,200 t of lump (5-18mm, Fe62-65%) was booked out of 21,500 t at the base price of INR 6,950/t ex-mines, while the fines lot remained unsold. Prices include royalty, DMF and NMET.


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