India: Buyers book 50,000 t of iron ore lumps in Karnataka auction on 9 May

  • Vedanta: 8,000 t of lumps (6-20 mm, Fe 54%) booked at base price of INR 3,850/t
  • SMIORE: 7,000 t of lumps (5-20 mm, Fe 55.6-56.1%) booked at INR 4,700-5,010/t, 15,000 t of lumps (10-40 mm, Fe 58.2%) booked at INR 5,120-5,140/t and 20,000 t of lumps (20-40 mm, Fe 56.52-57.75%) booked at INR 5,100-5,470/t.
  • Vedanta’s price excludes taxes while SMIORE’s includes.