India: SAIL iron ore auction from Chhattisgarh receives weak response

SAIL conducted an auction for 40,000 t of iron ore concentrates (Fe 52.52%-64.08%- indicative) from its Dalli, Rajhara mines in Chhattisgarh on 17 Jan’22. Out of the total offered quantity, about 12,000 t (Fe 64.08%) received bids at INR 5,200/t (loaded, including royalty, DMF, NMET and additional premium).


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