1.2 MnT Iron Ore sold in Karnataka E-auction in Nov 2013

• 3 MnT Iron ore was offered in Karnataka e-auction in Nov 2013
• Only 1.2 MnT (40%) was sold out

Qty in ‘000 MT

• Fines were sold at 12-18% higher than base price; demand in lumps was low owing to high prices
• NMDC offered 1.56 MnT and sold out 0.79 MnT (40% of total sales)

Qty in ‘000 MT

• JSW Steel Ltd was the biggest buyer at 0.6 MnT (52% of total sold quantity)