India: 300,000 t of iron ore sold in AM/NS’s Odisha auction at up to INR 400/t premium

AM/NS sold 300,000-t iron ore of 352,000 t offered from Odisha on 3 Sep’25, with premiums of up to INR 400/t.

• Thakurani: 120,000-t fines (Fe 57-59%) booked at INR 3,600-4,600/t (INR 100/t premium); 48,000-t lumps (5-18 mm, Fe 56.5-59%) remained unsold.
• Sagasahi: 52,000-t lumps (5-18mm, Fe 58.5-62.5%) booked at INR 5,925-7,250/t and 132,000-t fines (Fe 53.5-56.5%) at INR 2,775-3,600/t against base prices INR 5,800-7,000/t and INR 2,350-3,400/t, respectively (including royalty).