Jharkhand iron ore auction postponed with state-owned corporation in the lead

India: Over 640,000 of iron ore fines to be auctioned from Odisha

  • Vedanta’s ESL will auction 40,000 t of iron ore fines (Fe57%) from Nadidih, BICO, and Feegrade mines in Odisha. The floor price is INR 3,800/t.
  • JSW Steel Ltd will auction 600,400 t of iron ore fines (Fe54.5-56%) from Odisha’s Jajang mines. The floor price is INR 2,200-3,000/t.
  • Both the auctions are scheduled for 22 Feb’23 and prices include royalty, DMF, and NMET.

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