JSW Steel is going to re-auction 300,000 t low grade (Fe 55-58%) iron ore fines from its Jajang mines, Odisha. The auction is scheduled for 10 Mar’21 and the base price of the auction is reduced to INR 1,100/t (inclusive of Royalty). The material put up for auction cannot be booked for export purposes. The last auction for the same quantity held on 12 Feb’21 received no bids. The base price of the previous auction was at INR 1,500/t.
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