Tag: Karnataka iron ore auctions

At SKMEPL’s auction for 76,000 t of iron ore lumps from its Ramanadurga mines in Karnataka on 23 Jan’23, only 12,000 t of lumps (10-40mm, Fe63.8-64.5%) were booked at INR 4,380-4,450/t. Prices include royalty, DMF and NMET charges. However, VESCO’s auction for 24,000 t of iron ore (Fe58.25-62.8%) also held yesterday failed to attract buyers,…