Vedanta subsidiary Electrosteel Steels Ltd. (ESL) had scheduled an auction for the sale of around 220,000 t of fines and lump (both Fe 58-60%) today from its Nadidih BICO and Feegrade mines in Odisha’s Keonjhar district. According to market sources, the auction failed to fetch any response. The floor price for fines and lump was INR 2,300/t and INR 4,300/t respectively, including royalty, DMF and NMET.
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