NMDC’s Kumarswamy mines in its Karnataka e-auction conducted on 10th Dec fetched bids for the entire 400,000t (248,000 t fines and 152,000 lumps) quantity put up for auction. JSW Steel Ltd stood the largest buyer at 220,000 t followed by Vizag Steel & NMDC. The bids in the auction increased upto INR 970/t. NMDC had increased the base price of fines by INR 300/t and lumps by around INR 400/t for Dec’20.
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