Vedanta-Electrosteel Steels Limited (ESL) has released a notification for auction of 74,000 t of iron ore on 25 Jan’24 from its Nadidih BICO/Feegrade mines in Odisha. Out of the total quantity, 50,000 t are CLO (10-40 mm, Fe 61%) and 24,000 t are fines (Fe 63.5%). Auction floor prices for CLO and fines are at INR 5,550/t and 6,300/t respectively, ex-mines/plot basis (inclusive of royalty, DMF, NMET).
