India: SAIL’s silico manganese auction fails to receive any bid

Govt. owned – Steel Authority of India Ltd (SAIL) conducted an auction for around 1,000 t silico manganese (0-3 & 3-10mm) on 05 Feb ’21 from its Chandrapur Ferro Alloy Plant, Maharashtra. Base price was set at INR 45,450/t (0-3mm) and INR 56,960/t (3-10mm) but the auction failed to receive any bid. The previous auction on 28 Jan ’21 also closed with no bid.


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