NMDC conducted two iron ore e-auctions from its Donimalai iron ore mine in Karnataka on 7 Sept’21. Highlights:
- In the first auction, 48,000 t of material was booked out of the total quantity of 100,000 t put to auction. RINL was the largest buyer at 32,000 t followed by A One Steel and Alloys Private Ltd at 12,000 t each.
- In the other auction, 360,000 t of material received bids out of 500,000 t put to auction. JSW Steel remained the largest buyer at 212,000 t followed by BMM Ispat at 80,000 t.
- The bids received for iron ore lumps (Fe 61%) decreased to INR 4,909/t as against INR 5,755/t at the last auction conducted on 10 Aug.
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