SAIL’s iron ore auction today for 96,000 t of fines (Fe 60.5%) from the Barsua mines in Odisha received bids for 8,000 t, offered at around INR 5,200/t (loaded, including royalty, DMF and NMET), according to market sources. The material offered at the last auction held on 22 Sep’21 had remained unsold, while the base price was same at INR 5,200/t.
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