In the recent Karnataka iron ore e-action held on 9th Dec’20, 520,000t (376,000 fines and 144,000 lumps) ore received bids out of the total quantity of 550,000 t put under hammer. Key suppliers were – Karnataka State Minerals Corporation, B Rudra Gouda & R Praveen Chandra. JSW Steel stood the largest buyer at 256,000 t. The bids in the auction increased upto Rs 370/t in fines and Rs 1,550/t for lumps over the set base price.
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