ArcelorMittal Nippon Steel India (AM/NS India) conducted an auction for sale of 40,000 t of iron ore fines (Fe54%) from its Sagasahi mines in Odisha on 8 Feb’23. According to sources, the entire quantity was booked at the floor price of INR 2,000/t. The price is on ex-mines/loaded onto truck basis and included royalty, DMF, and NMET.
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