Vedanta conducted an auction for 24,000 t of iron ore lumps (Fe57.9-59.5%) from its A. Narrain mines in Karnataka’s Chitradurga district on 21 Nov’22. The steelmaker received bids for the entire quantity at INR 3,815-3,998/t against the floor price of INR 3,528-3,564/t. Prices are exclusive of royalty, DMF, and NMET charges.
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