APMDC Suliyari coal upcoming auction 1,00,000 MT for PAN India MSMEs on 21st April 2025 @2520 per MT
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e-Auction: An introduction
The process of an auction aims to find a fair price for the goods by identifying buyers who need them the most. Such auctions are called forward auctions, where buyers compete with each other by placing bids for the goods to be sold.
At metaljunction, we pioneered the concept of e-Auctions for steel by moving the entire process of auctions to the Internet.
Registration Process Flow
Proxy bidding- let the system do it for you
To let the system place bids on your behalf to your maximum amount with steps of bid increment, you need to place(type) your maximum bid in the ‘Your bid’ column, CLICK the proxy bid box and the select box(check/correct sign should appear in both the check boxes) and CLICK the ‘Submit bids’ button.
Once the proxy is activated the bids are placed automatically as per the minimum bid increments. The proxy bid amount is not visible by any other bidder as well as auction controllers.
Once the proxy is activated the bids are placed automatically as per the minimum bid increments. The proxy bid amount is not visible by any other bidder as well as auction controllers.
Bidding history for your help
The process of an auction aims to find a fair price for the goods by identifying buyers who need them the most. Such auctions are called forward auctions, where buyers compete with each other by placing bids for the goods to be sold.