State-owned Steel Authority of India Ltd (SAIL) conducted an auction for 600 t of silico manganese HC 56/16 (0-3mm and 3-10mm) from its Chandrapur Ferro Alloy Plant in Maharashtra on 16 Jul’21. Out of the total quantity offered, only 300 t (3-10mm) was booked at INR 77,000/t, down by INR 6,400/t compared to the previous auction on 2 Jul. According to sources, weak demand in the domestic market resulted in poor participation at the auction.
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