Bids prices have fallen in recent iron ore e-auction conducted on 29th Dec’20 by private miners in Karnataka. Bid prices of iron ore fines (Fe 65%) offered by Vyasankere mines fell to INR 5,990/t against INR 6,440/t in last e-auction conducted on 18th Dec ’20. Similarly, bids for lump (Fe 65%) fell marginally to INR 5,770/t as compared to INR 5,790/t in the last auction. The auction fetched bids for 353,000t ore out of the total 495,455 t put to auction.
Leave a Reply