India: JSW issues auction notice for nearly 100,000 t iron ore from Odisha

JSW Steel has scheduled an auction for 98,750 t of iron ore fines (Fe 54%) from its Jajang mines in Odisha on 19 Feb’24, with the floor price at INR 3,100/t. At the last auction on 9 Feb, 398,950 t for iron ore CLO (10-40mm, Fe55-56%), the entire quantity remained unsold, sources informed. Prices are on ex-mines/plot basis and include royalty, DMF and NMET.