India: JSW to auction around 400,000 t of iron ore from Odisha

JSW Steel Ltd has scheduled an auction for 398,950 t of iron ore CLO (10-40 mm, Fe 55-56%) from its Jajang mines in Odisha on 9 Feb’24 with floor price at INR 4,300/t. In the last auction on 9 Jan, 98,750 t of iron ore fines (Fe 54%) got booked at INR 3,310/t. Prices are on ex-mines/plot basis and include royalty, DMF and NMET.