In the 25th iron ore e-auction held on 24th Mar’21, about 1 mn t (70% of total) iron ore was booked out of the total 1.62 mn t put to auction. The purchase was hampered due to low grade of iron ore put to auction and weak demand in China on recently announced production cuts. As per the sources, over 1 mn t of iron ore remains with the state government for e-auctioning.
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