JSW Steel had scheduled an auction for 23,700 t of Fe 55%-58% iron ore fines yesterday (8 Sept’21). The auction did not receive any response with the entire material remaining unsold. The company used the MSTC platform (a government undertaking) to conduct the e-auction from its Jajang mine in Odisha’s Keonjhar district. The floor price for the auction was at INR 1,500/t (including royalty, DMF and NMET).
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