India: SAIL concludes reverse auction for purchase of ferro silicon

The SAIL tender issued for 800t of ferro silicon for its DSP-unit has been awarded at L1 price of INR 84372/t to Shyam Century and L2 to RNB Carbides. The prices are on Landed Net of Input Tax Credit Price basis. As per a company official, the ex-plant price realization would be INR 82,000/t, which is the prevailing market prices.


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