India: Around 20,000 t of iron ore lumps to be auctioned from Karnataka

Karnataka is set to auction 19,700 t of iron ore lumps in the first week of August.

• R Praveen Chandra: 7,700 t (6-30 mm, Fe 57.5%) will be auctioned on 1 Jul at a floor price of INR 5,100/t.
• Vedanta: 12,000 t (10-20 mm, Fe 52.5%) will be auctioned on 2 Jul.

R Praveen Chandra’s prices include taxes, whereas Vedanta’s excludes them.