Result of Karnataka Iron ore e-auction as on 11 July 

Result of Iron ore e-auction conducted by MSTC,monitoring committee for various mines & stock yards in Karnataka was out on 11.07.2013. Total quantity of iron ore offered for sale was 6,84,000 MT. Actual quantity of Iron ore for which bidding were done was 4,96,000MT. 

 The total Number of Bids were 100,out of which number of bidders & winners were the same i.e. 11.

Details of quantity sold:

ROM 472000 MT

Iron ore fines 24000 MT

Details of quantity allotted:

Quantity offered 12000MT, Fe% Bellow 44, ROM

Pavaman Ispat pvt ltd, booking price 670, allotted quantity 12000

Floor price for Rom is 360

Quantity offered 12000 MT, Fe%  Bellow 44, Iron ore fines

Pavaman Ispat pvt ltd, booking price 490, allotted quantity 12000

Floor price for IOF is 360

Quantity offered 264000 MT,Fe% 50, ROM

Janki corp  ltd, Booking price 740, allotted quantity 80000

Suvan steels pvt ltd, Booking price 740, allotted quantity 16000

JSW Steels ltd, Booking price 730, allotted quantity 168000

Floor price for ROM is 730

Quantity offered 4000Mt, Fe% 48, Iron ore fines

JSW Steels ltd, Booking price 610, allotted quantity 4000

Floor price of iron ore fines is 610

Quantity offered 8000MT, Fe% 46, Iron fines

JSW Steels  ltd, Booking price 490, allotted quantity 8000

Iron ore Fines sold at floor price

Quantity offered 56000 MT, Fe% 46, ROM

Popuri steels ltd, Booking price 600, allotted quantity 16000

SLV  Steels & alloys pvt ltd, Booking price 600, allotted quantity 16000

Hinduthan calcined metals pvt ltd, Booking price 600, allotted quantity 4000

Trivista steel and power,Booking price 600, allotted quantity 4000

JSW Steels ltd, Booking price 590, allotted quantity 16000  

Floor price for ROM  is 490

Quantity offered 80000 MT, Fe% 52,ROM

Suvan steels pvt ltd, booking price 1390, allotted quantity 20000

KEJ Minerals Pvt ltd, Booking price 1390, allotted quantity 8000

Shri  Venkateshwera sponge, Booking price 1390, allotted quantity 4000 

ROM  sold at floor price 

Quantity offered 60000 MT. Fe% 61, ROM

JSW Steels ltd, Booking price 2320, allotted quantity 44000

BMM Ispat ltd, Booking price  2320 allotted quantity  16000

ROM sold at floor price

Booking price for Iron ore increased by 2.92% over the floor price. 70% of ROM were  sold above the floor price whereas 50% of Iron ore fines sold were sold at  floor price.