At Friday's e-auctions, NDMC had fixed a base price of Rs 4,500-5,000 per tonne, depending on the grade of iron ore (a mix of calibrated ore and fines, with 63-64 per cent Fe)
Despite state-owned mining major NMDC announcing a cut in iron ore prices, steel companies haven't shown much interest in buying the company's ore at e-auctions on Friday. Of the 1.02 million tonnes (mt) auctioned by NMDC, steel firms bought only 1,72,000 tonnes.
Technology Partners: MimirTech
Links:
[1] http://admin.indiaenvironmentportal.org.in/news/nmdc-fails-attract-steel-firms
[2] http://admin.indiaenvironmentportal.org.in/category/author/mahesh-kulkarni
[3] http://admin.indiaenvironmentportal.org.in/category/newspaper/business-standard-new-delhi
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/national-mineral-development-corporation-nmdc
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/iron-and-steel-industry-0
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/iron
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/karnataka
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/bellary-d
[9] http://admin.indiaenvironmentportal.org.in/category/thesaurus/supreme-court
[10] http://admin.indiaenvironmentportal.org.in/category/thesaurus/mining
