Vedanta-Electrosteel Steels Limited (ESL) conducted an auction for 10,000 t of iron ore CLO (10-40 mm, Fe 60%) from its Feegrade iron ore mines in Odisha on 4 Sep’24. According to sources, the entire quantity of lumps was booked at INR 4,670/t against the base price of INR 4,470/t. The price was on ex-mines/plot basis and inclusive of royalty, DMF, and NMET.
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