Vedanta’s subsidiary Electrosteel Steels Ltd (ESL) had scheduled an auction for sale of around 400,000 t of iron ore fines (Fe57.5-59.5%) on 5 Aug’22 from its Nadidih BICO and Feegrade mines in Odisha’s Keonjhar district. According to market sources, 50,000 t (Fe57.50%) and 350,000 t (Fe59.50%) of iron ore fines were booked at around INR 1,250-1,300/t and INR 1,750-1,800/t, respectively. Prices are inclusive of royalty, EMF and NMET charges.
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