India: Over 50,000 t of iron ore booked at IDCOL’s iron ore auction from Odisha

Industrial Development Corporation of Odisha Ltd (IDCOL) conducted an auction today for the sale of iron ore from Odisha. The entire quantity was booked.

• 31,485 t of iron ore fines (Fe58-60%) were booked at INR 2,750/t against base price of INR 2,500/t.
• 21,354 t of iron ore lumps (5-18mm, Fe62-65%) were booked at INR 7,150/t against base price of INR 6,950/t
• Prices include royalty, DMF, and NMET.