NMDC in its recent Karnataka iron ore e-auction conducted on 18th Nov’20 fetched a hike in bids. Auction conducted was for 202,000t ore (124,000 t fines and 78,000 lump). The bids in the auction increased up to INR 350/t. NMDC had increased its floor prices by around INR 300/t in fines and INR 400/t in lumps towards mid of this month. JSW Steel Ltd remained the largest buyer at 116,000 t.
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