SMIORE has scheduled an auction for 44,000 t of iron ore lumps (5-40 mm, Fe 56.20-58.50%) from its Sandur mines, Karnataka, on 30 Nov’24. Floor prices have been set at INR 4,100-5,320/t. In SMIORE’s previous lumps auction on 20 Nov’24, 1,000 t (5-20 mm, Fe 56%) were booked at INR 4,970/t, 17,000 t (10-40 mm, Fe 55.5-58.5%) at INR 4,220-4,930/t, and 13,000 t (20-40 mm, Fe 56-56.8%) at INR 4,580-5,170/t. Prices include royalty, DMF, and NMET.
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