Steel Authority of India Ltd (SAIL) conducted an auction today for 84,000 t of iron ore fines (Fe 60.13%, Fe 52.52, and Fe 64.56% indicative) from its Dalli/Rajhara mines in Chhattisgarh. The due date for submission of bids was 18 Aug’21. The base price for Fe 60% fines was set at INR 6,000/t and that for Fe 52.5% at INR 2,200/t. According to latest updates, the auction failed to fetch any response, possibly due to the low-grade of iron ore being offered, SteelMint notes.
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