India: 8,000 t iron ore fines booked at auctions from Karnataka

  • U Krishna Prasad conducted an auction for 12,000 t of iron ore fines and lumps on 19 Dec. 8,000 t of fines (Fe61.78%) were booked at floor prices of INR 2,900/t (inclusive of royalty, DMF and NMET charges). Meanwhile, the entire quantity of lumps remained unsold.
  • BKG’s auction for 80,000 t of iron ore (Fe46-63.5%) on 20 Dec failed to attract buyers and remained unsold.

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