At NMDC’s auction from Kumaraswamy mines on 7 Dec’21, 292,000 t of iron ore was booked out of 301,000 t offered. Highlights:
- JSW Steel remained the largest buyer at 204,000 t followed by Vanya Steels Pvt. Ltd. at 28,000 t.
- Iron ore fines (Fe 61.58%) was booked at INR 3,354/t (basic, taxes extra), down INR 180/t compared to the previous auction on 24 Nov.
- NMDC has lowered prices by up to 1,200/t for Dec auctions.
Leave a Reply