SteelMint

India: 235,000 t of iron ore to be auctioned from Karnataka

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by

Nidhi Awasthi
in
  • Vedanta: 16,000 t lumps (10-40 mm, Fe 53.5%) at INR 3,500/t on 4 Apr’24.
  • SKMEPL: 36,000 t lumps (10-40 mm, Fe 53.1-64.1%) and 112,000 t fines (Fe 53.20-63.50%) on 8 May’24. Floor prices are set at INR 3,900-6,400/t and 3,000-5,500/t, respectively.
  • SMIORE: 71,000 t lumps (5-40 mm, Fe 55-58.20%) on 9 May’24. Floor prices are set at INR 4,570-5,470/t.
  • SKMEPL & SMIORE’s prices include taxes unlike Vedanta.