Sri Kumaraswamy Mineral Exports Pvt Ltd (SKMEPL) held an auction for 48,000 t of iron ore lumps (Fe61.8-64.5%) from Ramanadurga mines in Bellary on 1 Feb’23. The auction failed to attract buyers and the entire material remained unsold. The floor prices for lumps were set at INR 4,100-5,400/t, inclusive of royalty, DMF and NMET.
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