India: JSW’s iron ore auction from Odisha receives weak response

Steel major JSW Steel scheduled an auction for 205,400 tonnes (t) of crushed iron ore lump (Fe 55-58%) today from its Jajang mines in Odisha out of which 23,700 t was booked at INR 5,400/t ex-mines including royalty, DMF and NMET. At JSW’s previous iron ore fines (Fe 54%) auction, 296,250 t out of the total of 833,450 t was booked at INR 1,250/t ex-mines.


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