India: Over 50,000 t of iron ore to be auctioned from Karnataka

Karnataka-based miners are set to auction around 52,000 t of iron ore.

• SMIORE: 12,000-t lumps (5-20 mm, Fe 54%) at INR 3,580-6,060/t, 14,000-t lumps (10-40 mm, Fe 51-55.7%) at INR 2,410-3,630/t, 12,000-t lumps (20-40 mm, Fe 54-55.6%) at INR 3,230-3,650/t, and 8,000-t fines (Fe 52.6-53.9%) at INR 1,771-2,050/t on 26 Nov.
• Vedanta: 6,000-t lumps (6-20 mm, Fe 55.5%) on 27 Nov.

SMIORE's prices include royalty, DMF, and NMEDT, while Vedanta's exclude them.