State-run Steel Authority of India Ltd (SAIL) may soon receive permission for resumption of iron ore sales through auctions from its mines in Jharkhand, sources intimated SteelMint. SAIL’s Gua mine in Jharkhand has stocks of around 30 mn t of iron ore fines (Fe 60-61%), while the Kiriburu and Meghahatuburu mines have a combined stock of around 5 mn t of iron ore tailings. Once the steel major receives permission for conducting auctions from the Jharkhand government, iron ore fines supplies are expected to ease, SteelMint believes. Tight ore supplies have been a major concern for eastern- and central India-based steel mills.
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