India: Karnataka to auction over 50,000 t of iron ore

  • SMIORE will conduct an auction of 1,000 t of fines (Fe57.20%) at a base price of INR 3,550/t on 21 March.
  • SKMEPL has scheduled 53,000 t of lumps (10-40mm, Fe61.8-65.6%) at INR 3,647-4,043/t on 23 March.
  • Prices include royalty, DMF and NMET charges.

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