JSW Steel conducted an auction for 600,000 t low grade (Fe 55-58%) iron ore fines from its Jajang mines, Odisha today (10 Mar’21). The base price of the auction was reduced by INR 400/t to INR 1,100/t (inclusive of Royalty). According to the sources report to SteelMint, the auction was canceled owing to a dull response. Notably, the material put up for auction cannot be booked for export purposes.
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