India: U Krishna Prasad’s auction fetches no response from Karnataka

U Krishna Prasad held an auction to sell 8,000 t of iron ore fines (Fe61.67%) on 27 Feb’23 from Karnataka’s Bellary district. According to sources, the entire quantity remained unsold as the auction received no takers. The floor price was set at INR 4,025/t (including royalty, DMF, and NMET charges).


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