NMDC’s Kumaraswamy iron ore mines recently conducted an e-auction on 25 May’21, as per SteelMint reports. Out of the total quantity of 147,000 t put to auction, 139,000 t received bids. JSW Steel remained the largest buyer at 112,000 t followed by Kirloskar Ferrous Industries Limited and Vedanta Limited at 8,000 t each. Iron ore lump (Fe 62.8%) lots were booked at INR 6,794-6,814/t (basic, plus taxes)- largely stable against the last auction on 13 May’21.
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