SAIL conducted an auction for around 1,400 t silico manganese (0-3mm and 3-10mm of grade 56/16) from its Chandrapur Ferro Alloy Plant in Maharashtra on 7 Jun’21. Out of the total quantity on offer, 200 t (0-3mm) was booked at INR 61,500/t and for another lot of 0-3mm bids closed at INR 68,350/t. For 3-10mm, the entire quantity of 1,100 t was booked at INR 77,800/t, as per data maintained with SteelMint. Bid prices for both sizes of material on offer increased by 3,150/t ($43), exw.
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