India: Over 45,000 t of iron ore to be auctioned from Karnataka

Karnataka is set to auction 46,000 t of iron ore.

• SMIORE: 14,000 t lumps (5-40 mm, Fe 54.30-57.70%) and 20,000 t fines (Fe 54-55.10%) on 5 Aug’24. Floor prices for lumps and fines are set at INR 4,040-4,810/t and INR 2,650-2,860/t, respectively.
• Vedanta: 12,000 t fines (Fe 39%) on 6 Aug’24. Floor prices are yet to be declared.
• SMIORE’s price includes taxes while Vedanta’s excludes.