India: MSTC to Conduct Auction for Sale of Iron Ore

Metal Scrap Trade Corporation (MSTC) invites bid for sale of Iron ore from different Iron ore mines/stockyard at Karnataka.

The e-auction is for registered Steel, Pig iron, Pelletization, Sponge iron and Beneficiation plants which have been wholly/partly dependent on Iron ore from Karnataka for their own use.

The two auctions are schedule on the same day i.e. 05 May, 2014 at 14.00 hrs & 16.00 hrs.

Auction 1

  • Iron ore fines: 808,000 MT
  • Iron ore lumps: 232,000 MT
  • Total quantity: 1,040,000 MT

Bid opening time: 14.00 hrs on 05 May, 2014

Auction 2

  • Iron ore fines: 196,000 MT
  • Iron ore lumps: 68,000 MT
  • Total quantity: 264,000 MT

Bid opening time: 16.00 hrs on 05 May, 2014

Bid Submission Due Date: Before 10.00 hrs on 05 May, 2014

 Royalty, Forest Development Tax, Sales tax, Cess and other statutory duties & levies etc applicable at the time of supplies will be extra and payable by the successful bidder.


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