India: Over 70,000 t of iron ore to be auctioned from Odisha

  • SAIL RSP: 43,000-t (10-40 mm, Fe 62.5%) CLO and 24,000-t (Fe 55.17-55.3%) dump fines to be auctioned on 24 and 25 Oct from Bolani mines. Meanwhile, 20,000 t (Fe 58.64%) dump-fines booked at INR 3,450/t (INR 250/t premium) today.
  • OMDC: 5,108-t (10-40 mm, Fe 58.85%) iron ore lumps on 22 Oct from Bagiaburu mines.

Floor prices will be on ex-mines basis ( SAIL fines, OMDC) and FOR. basis (SAIL CLO).