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India: Karnataka iron ore e-auction sales dip 7% in Nov

Karnataka iron ore e-auction sales volume down for the month and registered a decline of 7% in Nov’19. Total iron ore allotted quantity was recorded at 2.62 MnT in Nov’19 compared to 2.82 MnT in Oct’19. On yearly basis, Karnataka e-auction sales also down by 5% in Nov’19 as compared to 2.79 MnT in Nov’18.
JSW Steel’s iron ore sourcing from Karnataka e-auctions down sharply by 27% in Nov’19: JSW Steel’s iron ore purchases from Karnataka e-auctions decreased significantly by 27% to 1.4 MnT in Nov'19 compared to 1.92 MnT in Oct'19. Out of 1.40 MnT iron ore sourced by JSW, NMDC supplied 0.76 MnT up 54% as against 0.49 MnT

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