KSMCL had an auction for 40,000 t of iron ore lumps (10-40 mm, Fe 62.36-64.13%) from its Subbrayanahalli mines in Bellary, Karnataka on 16 Jul’24. As per sources, 4,000 t of lumps (10-40mm, Fe 62.36%) booked at floor price INR 4,777/t and 16,000 t lumps (10-40mm, Fe 64.13%) booked at floor price INR 4,913/t. Prices are on ex-mines basis, excluding royalty, DMF and NMET.
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