India: Over 40,000 t of iron ore sold in SMIORE auction

Sandur Manganese and Iron Ores Limited (SMIORE) sold 45,000 t of iron ore out of 72,000 t offered from Bellary, Karnataka, on 28 June. Around 16,000-t lumps (20-40 mm, Fe 54.5-58.2%) at INR 3,640-5,200/t; 16,000-t lumps (10-40 mm, Fe 55.5-57.5%) at INR 4,040-4,820/t; 1,000-t lumps (5-20 mm, Fe 55.1%) were booked at INR 4,140/t; and 12,000-t fines (Fe 55.4-56.3%) at INR 3,230-3,460/t. Prices are inclusive of royalty, DMF, and NMET charges.


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