The recent Karnataka e-auction conducted on 31st Dec’20 by private miners received increase in bids. Bids for iron ore lumps (Fe 59.25%) offered by Vedanta ltd. increased to INR 5,987/t against bid of INR 5,883/t in last e-auction conducted on 29th Dec’20. The auction fetched bids for 331,000 t (212,000 fines and 119,000 lumps) out of the total quantity of 370,000 t put under hammer. JSW Steel Ltd stood the largest buyer at 191,000 t.
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