MOIL conducted an e-auction for 800 t of ferro manganese (HC 63-72%) and 1,500 t of ferro manganese slag (MnO-36%) on 26 Oct’21 from its Balaghat Plant. Out of 800 t, only 150 t was booked at the base price, as participants were interested in the spot inventory available. MOIL had increased the floor price by 37% for ferro manganese (70-72%) against the last auction.
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