Vedanta subsidiary Electrosteel Steels Ltd. (ESL) had scheduled an auction for 49,000 t of iron ore fines and lumps (both Fe 58-60%) on 17 May’22 from its BICO and Feegrade mines in Odisha out of which only 1,000 t was booked from four lots each at a base price of INR 3,500/t (for fines) and INR 5,500/t (for lumps) ex-mines including royalty, DMF and NMET.
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