Leading PSU miner NMDC conducted an iron ore e-auction on 1 Jul’21 from its Kumaraswamy mines in Karnataka. Key highlights of the auction:
- The entire quantity of 112,000 t put to auction received bids, as per reports.
- Jharkhand-based steelmaker, Electrosteel, booked 8,000 t of iron ore lumps (Fe 62.56%) at INR 6,719/t (basic).
- JSW Steel, including Salem steelworks, was the leading buyer with 84,000 t.
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