NMDC had conducted an e-auction from its Kumaraswamy mines on 17 Aug’21 at which 163,000 t of iron ore was booked out of the total quantity of 308,000 t put under the hammer. Highlights:
- JSW Steel Ltd. remained the largest buyer at 96,000 t of iron ore fines followed by SLR Metaliks Ltd that booked around 12,000 t.
- An iron ore lump (Fe 64.13%) lot was booked at INR 6,499/t (basic, taxes extra), with the price moving down by INR 496/t as against the previous auction on 5 Aug’21 where similar grade material had been sold at INR 6,995/t.
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