Steelmakers located in the state of Karnataka will be offered a total quantity of 196,000 MT of Iron ore (lumps and fines) on March 12, as MSTC is to e-auction the raw material from Praveen Chandra mines.
Quantity to be e-auctioned (Price in Rs/UOM):
Calibrated Iron ore: 48,000 MT of Fe% 63.21 at Rs 4,526
Iron ore lumps: 8,000 MT with Fe% 65.1 at Rs 4,650
Iron ore fines: (Total quantity 140,000 MT)
64,000 MT of Fe% 63 at Rs 2,800, 40,000 MT of Fe% 61.3 at Rs 2,340 and 36,000 MT of Fe% 62.8 at Rs 2,600.
Royalty 10%, VAT 5.5% (on auction price and royalty), FDT 12% are applicable.
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