India: KSMCL’s iron ore auction fetches decent response

KSMCL conducted an auction for 199,996 t of iron ore from its mines in Bellary, Karnataka, on 30 Sep’25. Out of the offered quantity, 56,000 t was booked consisting of 28,000-t lumps (10-40 mm, Fe 62.27-63.03%) at INR 5,151-5,212/t and 28,000 t fines (Fe 61.51-62.54%) at INR 4,560-4,636/t (base prices). Prices are exclusive of royalty, DMF, and NMEDT.