State-run Rashtriya Ispat Nigam Ltd (RINL) has concluded a reverse auction for 3,200 t of high carbon ferro manganese (grade:70% and size: 25-50 mm) on 15 Dec’22. The material was booked at around INR 87,418/t FOR (including GST and GEM portal charges). According to sources, the price after normalisation is around INR 73,715/t FOR.
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