Tag: ESL iron ore auction

India: Vedanta-ESL’s iron ore auction fails to elicit response

May 31, 2022

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by

Vaibhav Dubey

in Fines/Lumps

Vedanta subsidiary Electrosteel Steels Ltd. (ESL) had scheduled an auction for around 120,000 t of iron ore fines and lump (both Fe 58-60%) on 31 May’22 from its Nadidih BICO and Feegrade mines in Odisha’s Keonjhar district. According to market sources, the auction failed to fetch any response. The floor prices for fines and lump…