Tag: JSW iron ore auction

JSW Steel had scheduled an auction for 395,000 t of iron ore lump (10-30mm, Fe 57-58%) today from its Jajang mine in Odisha, with the floor price at INR 3,450/wet metric tonne (WMT) ex-mines (including royalty, DMF and NMET). As per sources, the auction failed to fetch any response. Mills are seen deferring iron ore…