SMIORE conducted an iron ore lumps auction for 104,000 t from Karnataka on 27 Apr’24.
- 7,000 t (5-20 mm, Fe 55.3-57.01%) was booked at INR 4,520-5,540/t against INR 4,300-5,050/t
- 4,000 t (10-40 mm, Fe 57.96%) was booked at the base price of INR 4,650/t
- 24,000 t (20-40 mm, Fe 55.51-58.1%) was booked at INR 4,750-5,890/t against INR 4,350-5,420/t
- Prices include royalty, DMF and NMET.