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.
Royalty, Forest Development Tax, Sales tax, Cess and other statutory duties & levies etc as applicable at the time of supplies will be extra and payable by the successful bidder.
The auction is scheduled on 13 May, 2014 at 13.00 hrs.
Material Details
- Iron ore fines: 860,000 MT
- Iron ore lumps: 196,000 MT
- Total quantity: 1,056,000 MT
Bid Submission Due Date: Before 10.00 hrs on 13 May, 2014
MSTC is also conducting two auctions for sale of Iron ore on 12 & 13 May, 2014
Private miners in Karnataka unable to sold total quantity. Out of 1,300,000 MT Iron ore, only 176,000 MT was sold in the e-auction held on 05 May, 2014. Buyers were less interested because of high base prices fixed by miners.
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