Steel major JSW Steel had scheduled an auction for 300,200 t of iron ore fines (Fe 54-56%) on 13 Dec’21. The total quantity put to auction received bids at INR 510/t ex-mines including royalty, DMF and NMET. The ore was from the company’s Jajang mine in Odisha’s Keonjhar district. The floor price for the auction had been set at INR 300/t ex-mines.
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