State-run RINL has concluded a reverse auction for 14,230 t of silico manganese, which was booked at INR 120,200/t, inclusive of 18% GST. The net realisation after deduction of charges comes to around INR 101,400/t delivered to plant. The material has to be delivered within four months. SteelMint assesses silico manganese prices in Durgapur at INR 95,000/t exw.
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