Indian Iron Ore e-Auctions
Published February 17th, 2008
Public sector mining companies are securing higher price for iron ore through e-auctions as compared to futures.
With NMDC iron ore fines priced at Rs 1,783 per tonne after going for a mid-year price increase of Rs 574 per tonne on annual contract prices, it is selling the commodity at Rs 4,020 thorugh mjunction Services, the e-commerce venture between Tata Steel and SAIL, a senior official of a steel company said.
