Vedanta’s Electrosteel Steels Limited (ESL) held an auction for 60,000 t of iron ore fines (Fe 61%) from Nadidih’s BICO and Feegrade mines in Odisha on 8 Oct’24. According to sources, 20,000 t were booked at INR 5,000/t, while 40,000 t were booked at INR 5,050/t against the base price of INR 4,700/t. Prices are on ex-mines basis, including royalty, DMF, and NMET.
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