NMDC conducted an iron ore e-auction on 23 Sep’21 from Kumarswamy mines at which 58,000 t was booked out 356,000 t. Highlights:
- JSW emerged as the largest buyer at 52,000 t followed by Saivijay Pragathi Steel Udyog Pvt Ltd. at 4,000 t.
- An iron ore fines* (Fe 60.6%) lot was booked at INR 3,615/t (basic, taxes extra)- a decline of INR 1,066/t compared to previous auction.
*correction: Fines lot was wrongly written as lumps
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