India: Over 110,000 t of iron ore to be auctioned from Karnataka

Over 110,000 t of iron ore auctions have been scheduled from Karnataka.

• U Krishna Prasad to auction 8,000 t of fines (Fe61.67%) on 23 Feb at base price of INR 4,055/t.
• SKMEPL to auction 52,000 t (Fe61.8-64.5%) on 24 Feb at base price of INR 4,200-5,700/t.
• VESCO to auction 56,000 t (Fe58.25-64.75%) on 27 Feb at base price of INR 3,550-5,790/t.
• Prices include royalty, DMF & NMET charges.