NMDC’s Kumaraswamy mines conducted an iron ore e-auction on 5 Aug’21 at which 162,000 t of material was booked out of the total quantity put to auction. Highlights:
- JSW Steel Ltd. emerged as the largest buyer by booking 120,000 t of iron ore fines followed by Vanya Steels Private Limited at 8,000 t of iron ore lumps.
- An iron ore lump (Fe 63.14%) lot was booked at INR 6,723/t (basic, taxes extra), up marginally by INR 20/t as against the previous auction on 27 Jul at which similar grade material was sold at INR 6,703/t (basic).
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