Author: Nishtha Mukherjee

India: Iron ore sales in Karnataka e-auctions drop nearly 30% in Feb’23

Mar 15, 2023

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by

Nishtha Mukherjee

in Fines/Lumps

Increasing shift toward contract sales Sales by NMDC at e-auctions drop over 30% Miners report declining stocks ahead of fiscal year-end Iron ore sales via e-auctions in Karnataka dropped 27% m-o-m to 1.28 million tonnes (mnt) in February 2023 from 1.75 mnt in January, as per SteelMint data. Sales volumes had decreased by 20% on…