Vedanta conducted an auction for 16,000 t of iron ore lumps (10-40mm, Fe61%) from its A. Narrain mines in Karnataka’s Chitradurga district on 29 Nov’22. The steelmaker received bids for the entire quantity at INR 4,210/t against the floor price of INR 3,560/t. Prices are exclusive of royalty, DMF, and NMET charges.
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