India: Sandur’s iron ore auction from Karnataka receives active response

Sandur Manganese and Iron Ores Limited (SMIORE) sold 60,000 t of iron ore out of 74,000 t offered from Bellary, Karnataka, on 18 June. 10,000 t (5-20 mm, Fe 54-56%) was sold at INR 3,570-4,540/t, 19,000 t of lumps (10-40 mm, Fe 54.2-58.2%) at INR 3,470-5,050/t, 15,000 t (20-40 mm, Fe 54.5-58.2%) at INR 3,880-5,200/t, while 16,000 t of fines (Fe 53-57.8%) were booked at INR 2,710-3,780/t. Prices are inclusive of royalty, DMF and NMET.


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