India: Karnataka iron ore e-auction of private miners fetches sharp hike in bids

In the recent Karnataka iron ore e-action held on 8th Dec’20, 422,000t iron ore received bids out of the total 477,000 t put to auction. JSW Steel stood the largest buyer at 184,000 t. The bids in the auction increased upto INR 1,200/t ($16) over the set base price.


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