India: Over 150,000 t of iron ore booked at AM/NS auction from Odisha

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AM/NS India had conducted an iron ore auction of 152,000 t from its Sagasahi mines in Odisha on 1 Oct’22.
The entire quantity of 40,000 t of fines (Fe57.5-58.5%) was booked at INR 1,500-1,850/t while 96,000 t of lumps (Fe60.5-62.5%) was booked at INR 2,500-6,565/t. Another lot of 16,000 t of lumps (Fe 58.5%) was sold at INR 3,700-3,800/t.
Prices are inclusive of royalty, DMF and NMET.

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