India: Over 120,000 t of iron ore fines booked at recent Karnataka auctions

  • Vedanta conducted 120,000 t of iron ore fines (Fe57%) auction and the entire material was sold at the base price of INR 1,277/t (excluding royalty, DMF and NMET).
  • 186,000 t of iron ore fines (Fe57.4-58.4%) were offered by R. Praveen Chandra but only 4,000 t was booked at INR 1,315-1,422/t (excluding royalty, DMF and NMET).
  • VESCO and BKG auctions failed to attract buyers.

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