Vedanta conducted an auction for 20,000 t of iron ore lumps (Fe58.25%) from its A. Narrain mines in Karnataka’s Chitradurga district on 18 Nov’22. The steelmaker received bids for the entire quantity at INR 3,219/t against the floor price of INR 3,179/t. Prices are exclusive of royalty, DMF, and NMET charges.
Leave a Reply