In Electrosteel’s (ESL) auction for 70,000 t of iron ore fines and lumps (both Fe 58-60%) from its Nadidih BICO and Feegrade mines in Odisha, the entire quantity of 50,000 t of fines and 20,000 t of lumps was booked at the base prices of INR 1,550/t and INR 2,800/t ex-mines, respectively (including royalty, DMF & NMET). The offered quantity had been lowered to 70,000 t from 240,000 t earlier.
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