India: Over 45,000 t of iron ore fetch bids at Karnataka auctions, up to INR 310/t premium

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Around 46,550-t iron ore were booked from Karnataka, with up to INR 310/t premium.

SMIORE: 13,000-t lumps (5-20 mm, Fe 53.5-56.7%) at INR 3,100-4,410/t, 7,000-t lumps (10-40 mm, Fe 55.5-56.1%) at INR 4,010-4,070/t, 4,000-t lumps (20-40 mm, Fe 56.8%) at INR 5,450/t, 11,000-t fines (Fe 59.1-59.5%) at INR 3,990-4,090/t on 28 Jul’25.
R Praveen Chandra: 11,550-t lumps (6-30 mm, Fe 57.5%) at base price INR 5,500/t on 8 Aug’25.

Prices include royalty, DMF, NMET.

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