Over 60,000 t of iron ore booked at AM/NS India’s Odisha auction

AM/NS India conducted auctions of iron ore from Odisha’s Sagasahi and Thakurani mines on 31 Jan’23.

• 40,000 t of lumps (10-30 mm, Fe60%) were booked at INR 5,100/t.
• 8,000 t of lumps (5-18 mm, Fe62.5%) were booked at INR 7,500/t
• 16,000 t of crushed fines (Fe57.5%) were booked at INR 3,450/t against the floor price of INR 3,400/t.
• Prices include royalty, DMF, and NMET.