India: Over 45,000 t of iron ore to be auctioned from Karnataka

Upcoming auctions from Karnataka:

• SMIORE: 28,000 t iron ore lumps (5-40 mm, Fe 54.30-59.20%) with floor price at INR 4,310-6,140/t on 28 Jun’24.
• RPCL: 8,000 t fines (concentrated, Fe 60.2%) with floor price at INR 4,500/t on 2 Jul.
• VESCO: 4,000 t lumps (10-40 mm, Fe 62.50%) with floor price at INR 6,950 and another 8,000 t lumps (10-20 mm, Fe 64.05-64.20%) at INR 7,500-7,575/t on 3 Jul.
• VESCO’s and SMIORE’s prices, unlike RPCL’s, include taxes.