Two iron ore auctions have been scheduled on 21 Feb in Karnataka.
- SMIORE has scheduled an auction for 86,000 t of iron ore lumps (5-40 mm, Fe 52.90-59%) from its Sandur mines. Floor prices have been set at INR 4,190-5,420/t, inclusive of taxes.
- Vedanta will auction 12,000 t of lumps (6-40 mm, Fe 56%) from its A.Narrain mines. Prices are yet to be declared.