MSTC has declared the results of e-auction held on 13 Feb, 2015. Out of the total offered quantity i.e. 0.37 MnT, only 0.04 MnT Iron ore was sold.
Iron ore e-auction held on 13 Feb’15 received an underwhelming response as out of 0.37 MnT Iron ore offered, only 0.04 MnT was sold. The material was offered by private miners namely RBSSN Sankalapuram Iron Ore Mines, V N K Menon and Nadeem Minerals.
The e-auction fetched flat bids. Base & bid prices for fines (Fe 55) stood at INR 1,200/MT. While, lump (Fe 52) prices stood at INR 1,800/MT. Subgrade fines (Fe 45%) prices remain unchanged at INR 200/MT.
Supplier-wise Allotted Quantity
|
Company |
Fines | Lump | Subgrade Fines |
Total |
| RBSSN Sankalapuram Iron Ore Mines | 8,000 | 12,000 | 12,000 | 32,000 |
| V N K Menon | – | 8,000 | – | 8,000 |
| Nadeem Minerals | 4,000 | – | – | 4,000 |
| Total | 12,000 | 20,000 | 12,000 | 44,000 |
Quantity in MT
Source: SteelMint Research
Largest buyer was R B Seth Shree Ram Narsingdas, followed by Mukand and Jayalaxmi Mineral.
Bidder-wise Allotted Quantity
|
Company |
Fines | Lump | Subgrade Fines |
Total |
| R B Seth Shree Ram Narasingdas | 8,000 | 12,000 | 12,000 | 32,000 |
| Mukand | – | 8,000 | – | 8,000 |
| Jayaalaxmi Mineral | 4,000 | – | – | 4,000 |
| Total | 12,000 | 20,000 | 12,000 | 44,000 |
Quantity in MT
Source: SteelMint Research
Note: Grade & prices are weighted average.
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