Bids inched down at the recent Karnataka iron ore e-auction conducted on 16 Jul’21 by private miners.
- The auction fetched bids for 157,000 t of iron ore (92,000 fines and 65,000 t lumps) out of the total quantity of 165,000 t put under the hammer.
- JSW Steel Ltd was the largest buyer at 55,000 t.
- Iron ore lumps (Fe 58.75%) sold by Vedanta received bids at INR 5,989/t as against INR 6,144/t at the previous auction on 6 Jul.
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