India: Over 200,000 t of iron ore lumps booked at JSW’s Odisha auction

JSW Steel conducted an auction for 205,400 t of iron ore lumps from Odisha on 16 Jan’23.

• 102,700 t of lumps (Fe61%, 10-40) were booked at the floor price of INR 5,700/t from Nuagaon mines.
• 102,700 t of lumps (Fe61%, 10-40) were booked at INR 6,210/t against the floor price of INR 5,700/t from Narayanposhi mines.
• Prices include royalty, DMF, and NMET charges.