Steel Authority of India Ltd (SAIL) conducted an auction today for 140,000 t of iron ore dump fines from its Bolani iron ore mines in Odisha. The company received bids for just 40,000 t at INR 4,000/t (ex-mines, including royalty, DMF, NMET, and additional premium as per MMDR Amendment Act, 2021), according to market sources. The material put to auction was of Fe 60.5% grade (indicative).
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