E-Auction Iron ore

India: MSTC to conduct Auction for Sale of Iron Ore

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

Material is available on ‘As is Where is’ basis.

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. 12 Jun, 2014 at 14.00 hrs & 16.00 hrs at IST.

Auction 1

  • Iron ore fines: 264,000 MT
  • Iron ore lumps: 28,000 MT
  • Iron ore ROM: 292,000 MT
  • Total quantity: 584,000 MT 

Bid opening time: 14.00 hrs on 12 Jun, 2014

Auction 2

  • Iron ore fines: 160,000 MT
  • Iron ore lumps: 8,000 MT
  • Iron ore ROM: 472,000 MT
  • Total quantity: 640,000 MT 

Bid opening time: 16.00 hrs on 12 Jun, 2014

Bid Submission Due Date: Before 10.00 hrs on 12 Jun, 2014

MSTC conducted its last auction for sale of 996,000 MT Iron ore on 06 Jun, 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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