- KSMCL conducted an auction for 370,095 t of iron ore on 18 Nov’22. Only 4,000 t of lumps (Fe54.18%) were booked at the base price of INR 1,757/t (excluding royalty, DMF and NMET).
- VESCO’s 52,000 t of iron ore auction (fines and lumps, Fe63.25-64.95%) also failed to attract buyers. The floor prices were set at INR 3,300-4,375/t (including royalty, DMF and NMET).
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