India: Over 50% of material booked at JSW’s Odisha iron ore auction

Integrated steel producer JSW Steel had scheduled an auction for 600,400 t of iron ore fines (Fe 55-57%) on 24 Nov’21. The company conducted the e-auction on the MSTC platform, with the base price of the material set at INR 500/t ex-mines. According to latest updates received by SteelMint, 308,100 t of material was booked at the base price.