Steel Authority of India Ltd (SAIL) conducted an auction yesterday for 52,000 t iron ore fines from its Dalli mines in Chhattisgarh. After receiving no bids due to lower grade offered, SAIL relaunched the auction, according to market sources report to SteelMint. The material put to auction was of grade ranging from Fe 58.10% and Fe 56.33%. Out of 52,000 t offered, bids fetched were for 12,000t at INR 2,750-2,900/t inclusive of Royalty, DMF & NMET.
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