Steel Authority of India Ltd (SAIL) conducted an auction for 9,000 t of iron ore lumps (10-50 mm, Fe 62.5%) from its Bolani mines in Odisha on 6 May’24. According to sources, the entire quantity got booked at INR 7,050/t against the base price of INR 6,650/t. Notably, bid prices were higher by INR 400/t. Price is on FOR loaded into rake basis and includes royalty, DMF, NMET and an extra premium.
