Iron Ore Fines Sold 2.1% Above Floor Price on 29th June Karnataka e-auction

Iron ore e-auction result by monitoring committee conducted
on 29.06.2013 for various mines in Karnataka. Total quantity of iron ore
offered for sale is 4,32,000 MT. Actual quantity of Iron ore for which bidding
is done was 2,88,000 MT. 

Total Number of Bids 36 out of which number of bidders
& winners are same.

Details of quantity sold:

 

Quantity offered 16000 MT, Fe% 58-59, Iron ore fines

Xindia steels ltd, Booking price 2270, allotted quantity
4000

JSW Steels ltd, Booking price 2260, allotted quantity 12000

Floor price for IOF is 2250

 

Quantity offered 16000Mt, Fe% 62.5-63, Iron ore fines

Xindia steels ltd, Booking price 2750, allotted quantity 4000

Floor price for IOF is 2750

 

Quantity offered 164000MT, Fe% 54-56, Iron ore lumps

Mhamanav Ispat ltd, Booking price 2500, allotted quantity
4000

Sri sai saptagiri sponge ltd, Booking price 2500, allotted
quantity 4000

Iron ore lumps sold at floor price

 

Quantity offered 4000Mt, Fe% 61-61.5, Iron ore fines

Mukand ltd, Booking price 2320, allotted quantity 4000

Floor price of iron ore fines is 2200

 

Quantity offered 28000MT, Fe% 61-62, Iron ore lumps

Sona alloys pvt ltd, Booking price 3400, allotted quantity
4000

Iron ore lumps sold tat floor price

 

Quantity offered 8000MT, Fe% 61, Iron ore fines

Xindia steels ltd, Booking price 2560, allotted quantity 4000

JSW Steels ltd, Booking price 2550, allotted quantity
4000

Floor price for iron ore fines is 2500

 

Quantity offered 4000MT, Fe% 61,Iron ore lumps

HRGalloys and steels, Booking price 3000, allotted
quantity 4000

Iron ore lumps sold at floor price

 

Quantity offered 8000MT. Fe% 63, Iron ore fines

Xindia steels, Booking price 2700, allotted quantity 4000

SBQ Steels, Booking price  2700 allotted quantity  4000

Iron ore fines sold at floor price

 

Quantity offered 20000MT, Fe% 65, Iron ore fines

Jindal saw ltd, Booking price 3210, allotted quantity 4000

SLR Metaliks, Booking price 3200, allotted quantity 12000

Xindia steels ltd, Booking price 3200, allotted quantity 4000

Floor pricefor iron ore fine is 3200

 

Quantity offered 20000 MT, Fe% 65, Iron ore fines

Xindia, Booking price 3200, allotted quantity 4000

Electrotherem india, Booking price 3200, allotted quantity
4000

Iron ore fine sold at floor price

Iron ore fines booking price is 2.15% more than the floor
price. Whereas overall increase in the floor price against the booking price is
0.50%.

Out of 196000 MT Iron ore lumps offered only 16000 MT were
sold and at on floor price.