India: Over 500,000 t of iron ore to be auctioned from Karnataka

Karnataka is set to auction 525,202 t of iron ore

• SKMEPL: 28,000 t lumps (5-40 mm, Fe 61.31-64.45%) and 24,000 t fines (Fe 60.85%) with floor price of 6,200-6,400/t and 4,300/t, respectively on 13 Aug’24.
• RPCL: 8,000 t iron ore fines (concentrated, Fe 60.2%) with floor price at INR 3,950/t on 13 Aug’24.
• KSMCL: 261,202 t (lumps & fines) and 204,000 t (lumps & fines) on 14 and 17 Aug’24, respectively.