India: U Krishna Prasad’s Karnataka iron ore auction receives no response

U Krishna Prasad conducted an auction for 12,000 t of iron ore fines (Fe61.67-64.04%) from Bellary, Karnataka, on 15 Feb’23. According to sources, the auction closed without a single bid being placed. The floor price for the auction was set at INR 4,155-4,755/t, including royalty, DMF, and NMET charges.


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