Karnataka auction summary:
- KSMCL: 146,000-t fines (Fe 61.37-61.90%) and 90,000-t lumps (10-40 mm, Fe 61.37-61.90%) booked at INR 3,352-3,705/t and INR 4,521-4,806/t, respectively.
- SMIORE: 17,000-t lumps (5-20 mm, Fe 54.9-56.1%), 16,200-t lumps (10-40 mm, Fe 52.8-61.2%) and 420 t lumps (20-40 mm, Fe 56.5%) at INR 3,466-4,156/t, INR 2,935-5,932/t, and INR 4,848/t, respectively.
- R Praveen Chandra: 11,550 t lumps (6-30 mm, Fe 58.5%) at INR 5,960/t.
RPC and SMIORE’s prices include royalty, while KSMCL’s doesn’t.
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