Steel Authority of India Ltd (SAIL) conducted an auction yesterday (4th Feb’21) for 124,000 t iron ore from its Dalli mines in Chhattisgarh. Out of the total quantity offered, 28,000 t was fines (Fe 55.28%) and the remaining 96,000 t was iron ore tailings (Fe 51.11%). According to market sources report to SteelMint, no bids were received in the auction due to lower grade of ore put to auction.
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