NMDC’s Kumarswamy mines had conducted an iron ore e-auction on 27 July’21 at which 159,000 t was booked out of the total quantity put to auction. Highlights of the auction:
- JSW Steel Ltd. emerged as the largest buyer at 84,000 t of iron ore fines followed by Orissa Metaliks Pvt. Ltd. at 20,000 t of iron ore lumps.
- An iron ore lump (Fe 58.39%) lot was booked at INR 5,616/t (basic, taxes extra), up by INR 310/t as against the previous auction on 13 Jul at which similar grade material was sold at INR 5,306/t.
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