Karnataka State Minerals Corporation Ltd (KSMCL) conducted two iron ore auctions for a total of 397,998 t from Sandur on 10 Feb’23. According to sources, 242,000 t of fines (Fe57.05-62.38%) were booked at INR 2,407-3,351/t against the base price of INR 2,407-3,171/t while 77,700 t of lumps (Fe54.18-63.97%) were booked at the floor price of INR 2,061-3,692/t. Prices are excluding royalty, DMF, and NMET charges).
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