NMDC conducted an iron ore e-auction on 22 Jun’21 from its Kumaraswamy mines in Karnataka, as per SteelMint reports. Key highlights of the auction:
- Out of a total quantity of 219,000 t put to auction, 176,000 t received bids.
- JSW Steel was the largest buyer at 120,000 t followed by Orissa Metaliks Pvt Ltd at 32,000 t.
- West Bengal-based Orissa Metaliks procured 32,000 t iron ore fines (Fe 63.1%) at INR 5,516/t (basic, excluding taxes).
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