Govt owned steelmaker- Steel Authority of India Ltd (SAIL) conducted an auction from its Bolani mines for 104,000 iron ore fines (Fe 62.5%). Out of the offered quantity, only 72,000t received bids at base price i.e at INR 4,250/t (loaded into rakes and excluding royalty). However, the bids have dropped by upto INR 750/t against last auction bid prices conducted on 15 Jan’21.
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