India: 220,000 t of iron ore booked at SMIORE’s Karnataka auction

SMIORE concluded its 221,000 t-iron ore auction held in Karnataka’s Bellary on 15 Mar’23.

• 4,000 t of lumps (20-40mm, Fe59.20%) were booked at INR 4,310/t.
• 136,000 t of fines (Fe57-57.5%) got sold at INR 3,110-3,420/t.
• 60,000 t of fines (Fe57.6%) were booked at INR 3,445-3,455/t.
• 12,000 t of fines (Fe57.7%) were booked at INR 3,470/t.
• 8,000 t of fines (Fe58.7%) got sold at INR 3,435/t.
• Prices include royalty, DMF, and NMET.