India: JSW to auction over 195,000 t of low-grade iron ore lump from Odisha

JSW Steel Ltd. has scheduled an auction for 197,500 t of iron ore CLO (10-40 mm, Fe 56%) from its Jajang mines in Odisha on 18 Mar’24 with the floor price at INR 3,100/t. In the last auction on 19 Feb, 98,750 t of iron ore fines (0-10 mm, Fe 54%) was booked at INR 3,450/t. Prices are on ex-mines/plot basis and includes royalty, DMF and NMET.