JSW Steel Ltd conducted an auction for 98,750 t of iron ore fines (0-10 mm, Fe 54%) from its Jajang mines in Odisha on 19 Feb’24. As per sources, the entire quantity got booked at a bid price of INR 3,450/t, higher than the floor price set at INR 3,100/t. Prices were ex-mines/plot basis and inclusive of royalty, DMF, and NMET.
