India’s state-owned trading company MSTC, which had conducted the e-auction of Manganese ore in Karnataka, has fetched a total of 1,405 bids with producers from West Bengal & Chhattisgarh being awarded most of the material.
The procurement interest was higher from West Bengal & Chhattisgarh, as high Iron ore, which is generally procured from Odisha, is not currently available to these producers. Increase in bids over floor value has been 40.26%.
About 10,912 MT of Manganese ore was put on auction. The manganese (Mn) content of the material offered ranged from 20-34% and Iron (Fe) content was in the range of 22-27%, according to information on MSTC’s website.
|
Lot Number |
Quantity at SMIORE |
Mn% Range |
Fe% Range |
H1 Bid (Booking Price) |
|
1 |
496 (+ /- 5%) |
32-34 |
22-24 |
SAIL, Chhattisgarh at INR 7,550/MT |
|
2 |
496 (+ /- 5%) |
32-34 |
22-24 |
SAIL, Chhattisgarh at INR 7,350/MT |
|
3 |
496 (+ /- 5%) |
30-32 |
24-26 |
Cosmic Ferro Alloys, West Bengal at INR 8,410/MT |
|
4 |
496 (+ /- 5%) |
30-32 |
24-26 |
SAIL, Chhattisgarh at INR 6,550/MT |
|
5 |
496 (+ /- 5%) |
30-32 |
24-26 |
Padmavati Ferrous, Karnataka at INR 6,600/MT |
|
6 |
496 (+ /- 5%) |
30-32 |
24-26 |
Cosmic Ferro Alloys , West Bengal at INR 8,410/MT |
|
7 |
496 (+ /- 5%) |
30-32 |
24-26 |
SAIL, Chhattisgarh at INR 6,020/MT |
|
8 |
496 (+ /- 5%) |
30-32 |
24-26 |
Hira Power and Steels, Chhattisgarh at INR 8,400/MT |
|
9 |
496 (+ /- 5%) |
30-32 |
24-26 |
Hira Power and Steels, Chhattisgarh at INR 8,400/MT |
|
10 |
496 (+ /- 5%) |
28-30 |
21-25 |
SAIL, Chhattisgarh at INR 6,250/MT |
|
11 |
496 (+ /- 5%) |
28-30 |
21-25 |
Hira Power and Steels, Chhattisgarh at INR 6,700/MT |
|
12 |
496 (+ /- 5%) |
28-30 |
21-25 |
SAIL, Chhattisgarh at INR 6,750/MT |
|
13 |
496 (+ /- 5%) |
28-30 |
21-25 |
Hira Power and Steels , Chhattisgarh at INR 6,000/MT |
|
14 |
496 (+ /- 5%) |
28-30 |
21-25 |
Sri Raghavendra Ferro Alloys, Andhra Pradesh at INR 6,200/MT |
|
15 |
496 (+ /- 5%) |
28-30 |
21-25 |
Cosmic Ferro Alloys, West Bengal at INR 7,510/MT |
|
16 |
496 (+ /- 5%) |
26-28 |
25-27 |
SAIL, Chhattisgarh at INR 6,020/MT |
|
17 |
496 (+ /- 5%) |
26-28 |
25-27 |
Cosmic Ferro Alloys , West Bengal at INR 7,090/MT |
|
18 |
496 (+ /- 5%) |
26-28 |
25-27 |
Cosmic Ferro Alloys, West Bengal at INR 7,230/MT |
|
19 |
496 (+ /- 5%) |
26-28 |
25-27 |
Cosmic Ferro Alloys, West Bengal at INR 7,210/MT |
|
20 |
496 (+ /- 5%) |
24-26 |
26-27 |
Kirloskar Ferrous Industries, Karnataka at INR 6,260/MT |
|
21 |
496 (+ /- 5%) |
20-22 |
30-32 |
Cosmic Ferro Alloys, West Bengal at INR 3,360/MT |
|
22 |
496 (+ /- 5%) |
20-22 |
30-32 |
Sri Raghavendra Ferro Alloys, Andhra Pradesh at INR 2,300/MT |
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