India: JSW to auction around 95,000 t of low-grade iron ore lumps from Odisha

JSW Steel Ltd. has scheduled an auction for 94,800 t of iron ore CLO (10-40 mm, Fe 56%) from its Jajang mines in Odisha on 27 Mar’24 with the floor price at INR 3,100/t. In the last auction on 18 Mar, 102,700 t of iron ore CLO of the same grade was booked at base price of INR 3,100/t. Prices are on ex-mines/plot basis and include royalty, DMF and NMET.