Author: Nidhi Awasthi
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India: SMIORE’s iron ore lumps auction from Karnataka receives weak response
SMIORE conducted an iron ore lumps auction for 28,000 t from Karnataka on 28 Jun’24. 3,000 t (5-20 mm, Fe 56.20%) were booked at base price of INR 5,340/t. 3,000 t (10-40 mm, Fe 55.7%) were booked at INR 4,580/t against the base price of INR 4,310/t. 6,000 t (20-40 mm, Fe 55.4-56.2%) were booked…