NMDC conducted an iron ore e-auction on 16 Dec’21 from its Kumarswamy mines at which 36,000 t was booked out of the total quantity of 44,000 t. Highlights:
- JSW Steel emerged as the largest buyer with 24,000 t, followed by NMDC Ltd. with 12,000 t.
- The iron ore fines (Fe 60.5%) lot was booked at INR 3,371/t (basic, taxes extra), down by INR 170/t compared to the previous auction on 25 Nov.
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