Govt. owned unit – Steel Authority of India Ltd (SAIL) conducted auction for 72,000 t iron ore fines (Fe 62.5%) today from its Bolani mines in Odisha. The material was booked at INR 5,400/t (loaded into rakes and excluding royalty) over set base price of INR 4,700/t, SteelMint learned from its sources. Eastern India based pellet makers remained the major bidders. Bids have slightly softened by around INR 150/t against last auction of similar grade held in end Nov’20.
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