India: 12,000 t of iron ore booked at VESCO’s auction from Karnataka

Veerabhadrappa Sangappa and Company (VESCO) scheduled around 180,000 t of iron ore (fines and lumps) auction on 19 Dec’22.

• 8,000 t of fines (Fe61.60-63.50%) were booked at INR 3,250-3,475/t.
• 4,000 t of lumps (Fe62.60-64.95%) were booked at INR 4,200-4,550/t.
• Prices include royalty, DMF and NMET.