India: Karnataka iron ore e-auction by private miners receives active response

Karnataka private miners had conducted an iron ore e-auction on 23 Feb’22 in which 119,000 t of material was booked out of a total of 220,000 t.
Highlights:

• JSW Steel emerged as the largest buyer at 60,000 t followed by Xindia Steels Limited at 24,000 t.
• The iron ore fines (Fe 65.2%) lot was booked at INR 5,350/t (basic, taxes extra).