Not many takers for ore at Karnataka auctions
At the e-auctions held on October 5 for 1.14 mn tonnes of iron ore, buyers showed interest to buy barely 160,000 tonnes
Even though steel mills are facing acute shortage of raw materials for their blast furnaces, they showed no urgency to buy iron ore at the recent electronic auctions (e-auctions) held exclusively for the ore by state-owned NMDC Ltd. At the e-auctions held on October 5 for about 1.14 million tonnes (mt) of iron ore, buyers showed interest to buy barely 160,000 tonnes, about 14 per cent of the stock.
Publication Date:
10/10/2012