Author: Nidhi Awasthi
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India: Vedanta-ESL’s iron ore lumps auction fetches higher bids
Vedanta-Electrosteel Steels Limited (ESL) conducted an auction for 18,000 t of iron ore CLO from Nadidih’s BICO and Feegrade mines in Odisha on 16 Apr’24. According to sources, 8,000 t CLO (5-18 mm, Fe 60%) got booked at INR 5,700/t against the base price of INR 5,200/t while another 10,000 t CLO (10-40 mm, Fe…