India: Around 250,000 t of iron ore to be auctioned from Karnataka

Karnataka miners are set to auction 251,000 t of iron ore.

• Vedanta: 7,000-t lumps (10-40 mm, Fe 46.5-52.5%) and 16,000-t lumps (6-20mm, Fe 45.51-54%) on 7 Nov.
• SKMEPL: 92,000-t lumps (10-40 mm, Fe 57.3-63%) at INR 4,700-6,000/t, 4,000-t lumps (5-20 mm, Fe 59.2%) at INR 5,200/t, and 132,000-t fines (-10mm, Fe 52.5-61.2%) at INR 2,300-4,300/t on 10 Nov.

SKMEPL’s prices are inclusive of royalty, while Vedanta’s exclude them.