India: Buyers book entire quantity in SAIL Barsua’s iron ore auction

SAIL-Barsua, Odisha conducted an auction for 31,760 t of iron ore on 16 Feb’24.

  • 19,860 t of iron ore tailings (Fe 56.58%) were booked at INR 3,250/t against the base price of INR 2,700/t.
  • In another auction for 11,900 t of iron ore tailings (Fe 60.52%) got booked at INR 4,250/t against the base price of INR 3,650/t.
  • Price is on ex-mines basis and inclusive of royalty, DMF, and NMET.