Vedanta-Electrosteel Steels Limited (ESL) has scheduled an auction of 4,000 t of CLO (5-18 mm, Fe 60.5%) at INR 5,400/t and 20,000 t of CLO (10-40 mm, Fe 61%) at INR 5,300/t on 15 May’24 from its Nadidih’s BICO and Feegrade mines in Odisha. In its previous auction on 7 May’24, 6,000 t of CLO (5-18 mm, Fe 60.5%) and 12,000 t (10-40 mm, Fe 61%) was booked at the base price of INR 5,350/t and INR 5,300/t, respectively. Prices are on ex-mines/plot basis and includes royalty, DMF & NMET.
