SMIORE had a 60,000 t iron ore lumps auction from Karnataka on 28 Feb’24.
- 9,000 t of lumps (5-20 mm, Fe 55.1-55.3%) got booked at base price of INR 4,280-4,320/t.
- 4,000 t of lumps (10-40 mm, Fe 56.4%) got booked at INR 4,200/t against base price INR 4,030/t.
- 32,000 t lumps (20-40 mm, Fe 55-58%) got booked at INR 4,080-5,010/t. Prices include royalty, DMF and NMET.