UTC+8 ( BJT)

Indian iron ore market overview

Chhattisgarh - Steel Authority of India (SAIL) conducted an e-auction from its Dalli Rajhara iron ore mines in Chhattisgarh for 28,000 t iron ore fines (Fe 60.89%) on 16th Oct. The entire quantity offered of fines received bids at INR 3,120/t (loaded into rakes and including royalty) over the set base price of INR 3,000/t as per the sources. The bid price was lowered by around INR 400/t against the last auction.
Odisha -Tight availability of high-grade iron ore in the merchant market continued to remain a concern in Odisha. After Goa's miners were granted extra time by the Supreme Court on similar grounds the former lessee of Nuagaon iron ore mines in Odisha, KJS Ahluwalia has moved the High Court of Orissa


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