SteelMint

India: Buyers book over 60,000 t of iron ore lumps in Karnataka auction

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by

Nidhi Awasthi
in
  • Vedanta: 12,000 t of lumps (6-40 mm, Fe 56%) booked at the base price of INR 4,200/t from its A.Narrain mines.
  • SMIORE: 44,000 t of lumps (20-40 mm, Fe 55-59%) booked at INR 4,430-5,420/t and 6,000 t of lumps (10-40 mm, Fe 56.4%) booked at base price of INR 4,230/t.
  • However, SKMEPL’s auction fetched no bid. Vedanta’s price exclude taxes while SMIORE’s includes.