Steel Authority of India Ltd (SAIL) conducted an auction today for 40,000 t of iron ore dump fines (Fe 59% indicative) from its Bolani iron ore mines in Odisha. The base price for the material offered was INR 2,350/t ex-mines inclusive of royalty, DMF, NMET and the additional amount mentioned in the MMDR Amendment Act. According to the latest updates, the tenders failed to fetch any response, SteelMint notes.
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