NMDC had conducted an iron ore e-auction from its Kumaraswamy mines on 11 Aug’21 at which 80,000 t was booked out of the total quantity of 84,000 t put to auction. Highlights:
- JSW Steel Ltd was the largest buyer at 24,000 t of iron ore followed by NMDC Ltd and BMM Ispat Ltd at 20,000 t of iron ore fines each.
- The iron ore fines (Fe 60.5%) lot was booked at INR 4,649/t and lump ore (Fe 62.5%) was booked at INR 6,253-6,263 (basic, taxes extra).
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