Metal Scrap Trade Corporation (MSTC), a Government of India Enterprises, has declared Iron ore e-auction results for NMDC & Private Iron ore mines in Karnataka held on 10 & 11 Mar, 2014.
NMDC had offered 236,000 MT Iron ore, out of which only 100,000 MT was purchased. Private mines had offered 820,000 MT of which only 64,000 MT purchased. 1 MnT Iron ore was offered in which 17% of Iron ore sold.
JSW was the biggest buyer with 88,000 MT Iron ore followed by SLR Metaliks. Iron ore fines price increased by 15% and lumps by 2%. Fewer buyer for ore as the prices are high as well as sluggish steel demand across India.
|
Bidder Name |
Material Type |
Allotted Qty (in MT) |
W.A. Grade (in %) |
W.A. Floor Price (in INR/MT) |
W.A. Bid Price (in INR/MT) |
|
Jsw Steel |
Fine |
44,000 |
62 |
3,763 |
3,859 |
|
Lumps |
44,000 |
60 |
2,190 |
2,532 |
|
|
Slr Metaliks |
Fines |
4,000 |
60 |
2,190 |
2,720 |
|
Lumps |
8,000 |
62.6 |
3,819 |
4,104 |
|
|
Sathavahana Ispat |
Fines |
4,000 |
61.6 |
3,800 |
3,825 |
|
Lumps |
8,000 |
61.3 |
3,160 |
3,170 |
|
|
Rav S Steels Private |
Lumps |
12,000 |
56.5 |
2,900 |
2,900 |
|
Biop Steels And Power |
Lumps |
12,000 |
56.5 |
2,900 |
2,900 |
|
Bmm Ispat |
Fines |
4,000 |
60 |
2,190 |
2,310 |
|
Hrgalloys And Steels |
Lumps |
4,000 |
56.5 |
2,900 |
2,900 |
|
Hindusthan Calcined Metals |
Lumps |
4,000 |
56.5 |
2,900 |
2,900 |
|
Suvan Steels |
Lumps |
4,000 |
56.5 |
2,900 |
2,900 |
|
Sesa Sterlite |
Lumps |
4,000 |
63.25 |
3,950 |
3,980 |
|
Mahamanav Ispat |
Lumps |
4,000 |
57.1 |
3,350 |
3,350 |
|
Kalyani Steels |
Lumps |
4,000 |
60.8 |
3,740 |
3,740 |
|
Mukand |
Fines |
4,000 |
60 |
2,190 |
2,730 |
|
Kirloskar Ferrous Industries |
Lumps |
4,000 |
40 |
825 |
825 |
W.A. (Weighted Average)
Royalty 10%; VAT 5.5% (on auction price and royalty); FDT 12% are applicable
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