Karnataka e-auction result 70% fines sold at floor price on 5th July auction.

MSTC, Monitoring committee has conducted an Iron ore e-auction on behalf of various mines and stockyards in Karnataka on 05.07.2013 at 15:00 IST. The total quantity Iron ore offered was 2, 48,000 MT out of which bidding is done for 1,80,000 MT only.

The total number of bids 91, number of bidders 9 & number of winners 8.

Details of Quantity offered: 

Iron ore fines 96,000 MT

Iron ore lumps 56,000 MT

Calibrated lumps ore (CLO) 96,000 MT

Details of quantity Sold:

Iron ore fines 96000 MT

Iron ore lumps 36000 MT

Calibrated lumps ore (CLO) 48000 MT

Details of Quantity allotted:

Quantity offered 20000 MT, Fe% 62.50, Iron ore lumps

JSW Steels pvt ltd, Booking price 3865, Quantity allotted 12000 MT

Sesa goa, booking price 3865, Quantity allotted 4000 MT

Iron ore lumps sold at floor price

Quantity offered 16000 MT, Fe% 62.30, Iron ore lumps

Sesa goa, booking price 3843, Quantity allotted 16000 MT

Iron ore lumps sold at floor price

Quantity offered 20000 MT, Fe% 59.03, Iron ore fines

JSW Steels LTD, Booking price 1906, Quantity allotted 20000 MT

Fines sold at floor price

Quantity offered 20000 MT, Fe% 58.19, Iron ore fines

BMM ispat ltd, booking price 1798, Quantity allotted 12000 MT

JSW Steels LTD, Booking price 1798, Quantity allotted 8000 MT

Fines sold at floor price

Quantity offered 48000MT, Fe% 63, CLO

SBQ  Steels LTD, Booking price 3722, Quantity allotted 4000 MT

CLO sold at floor price

Quantity offered 28000 MT, Fe% 60, Iron ore fines 

Vinayak  steels pvt ltd, Booking price 2180, Quantity allotted 4000 MT

JSW  steels pvt ltd, Booking price 2170, Quantity allotted 20000 MT

MSPL ltd, Booking price 2160, Quantity purchased 4000 MT

Iron ore fines Floor price is 1810

Quantity offered 28000MT, Fe% 62, Iron ore fines

JSW Steels LTD, Booking price 2060, Quantity allotted 20000 MT

Xindia steels ltd, Booking price 2060, quantity allotted 8000 MT

Fines sold at floor price

Booking price for Iron ore over the floor price is increased by 3.14%.

Iron ore lumps & CLO are sold at floor price. The 70% of Iron ore fines produced for sale are sold at floor price. JSW Steels ltd & Sesa goa are the major buyer.