SAIL’s auction for 60,000 t of iron ore fines (Fe 60.5%-indicative) from the Barsua iron ore mines in Odisha failed to fetch any response from buyers, as per latest reports. The due date for submission of bids was 29 Dec’21. The base price of the material offered was INR 4,600/t FOR which includes royalty, DMF, NMET and additional premium.
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