Tag: VESCO iron ore auction unsold

India: VESCO’s iron ore auction from Karnataka fails to attract buyers

Sep 23, 2022

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by

Ratiram Gurjar

in Fines/Lumps

Veerabhadrappa Sangappa and Company (VESCO) conducted an auction today for 16,000 t of iron ore fines (Fe 63.25%) and 4,000 t of lumps (Fe 64.50%) from the Dharmapuri mines in Karnataka. According to market sources, the auction failed to generate any response from buyers. The floor price for fines was INR 2,725/t and for lumps…