India: JSW’s iron ore auction from Odisha fails to attract buyers

JSW Steel conducted an auction for 300,200 t of iron ore fines (Fe56%) from its Jajang mines in Odisha on 2 Feb’23. The auction failed to attract buyers and the entire material remained unsold. The floor price for the auction was set at INR 3,850/t (inclusive of royalty, DMF, and NMET charges).


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