Karnataka State Minerals Corp Ltd conducted an iron ore e-auction on 2 Aug’22 from its Subbrayanahalli mine in which the entire material of 260,634 t received bids.
- JSW Steel emerged as the largest buyer with 88,000 t booked followed by SLR Metaliks Ltd with 28,000 t.
- The iron ore fines (Fe 62.21%) lot was booked at INR 2,151/t ex-mines excluding royalty, DMF and NMET, down INR 280/t compared to the previous auction on 24 June.
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