India: Today’s iron ore auction from Karnataka gets no takers

  • R Praveen Chandra conducted an auction of 108,000 t of iron ore fines (Fe58.5-61.5%) on Dec 21, 2022 at floor prices of INR 1,995-2,313/t. According to sources, the auction surprisingly failed to get any response, and the entire quantity remained unsold.
  • Nadeem Minerals’ auction for the sale of 60,000 t of iron ore (Fe35-44.84%) at INR 500-765/t has also failed to fetch any response. The entire quantity remained unsold.

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