NMDC had conducted an iron ore e-auction from its Kumaraswamy mines on 25 Aug’21 at which the entire volume of 61,000 t of iron ore was booked. Auction highlights:
- JSW Steel Ltd. emerged as the largest buyer at 52,000 t of iron ore fines followed by Minera Steel and Power Private Ltd. at 8,000 t.
- The iron ore fines (Fe 64.18%) lot was booked at INR 5,323/t and lump ore (Fe 58.67%) was booked at INR 5,003 (basic, taxes extra).
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