Author: Nidhi Awasthi
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India: Over 60,000 t of iron ore to be auctioned from Karnataka
Karnataka will witness auctions for 61,000 t of iron ore in the coming days. SMIORE: 13,000 t lumps (5-40 mm, Fe 54.30-59.10%) on 13 Sep’24. Prices are yet to be declared. SKMEPL: 48,000 t lumps (5-40 mm, Fe 61.31-63.92%) on 17 Sep’24. Floor prices have been set at INR 5,800-6,150/t (including royalty, DMF, and NMET).