- VESCO and U Krishna Prasad conducted iron ore auctions from Karnataka today.
- At VESCO’s auction, 12,000 t of fines (Fe63.5%) was booked at the base price of INR 4,050/t, 4,000 t of lumps (Fe64.25%) at INR 4,700/t and another 4,000 t of lumps (Fe64.6%) at INR 4,750/t. Prices are inclusive of royalty, DMF, and NMET charges.
- U Krishna Prasad’s auction failed to attract buyers.
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