- Fines and CLO see active response
- Bolani mines remain key source of supply
Steel Authority of India Ltd. (SAIL) witnessed healthy participation in its recent iron ore auctions from Odisha, with more than 65,000 t of material successfully booked across multiple auction rounds conducted between 6-9 June 2026. The successful sale of the offered quantities reflects sustained procurement interest from end-users despite prevailing fluctuations in the domestic iron ore market.
In the latest auction held on 9 June, SAIL offered 20,000 t of fresh fines (Fe 60.02%) from its Bolani mines. Market sources indicated that the entire quantity was booked at INR 3,850/t on an ex-mines basis. The price was inclusive of royalty, DMF, NMET and the applicable additional premium.
Earlier, on 8 June, SAIL conducted an auction for 20,000 t of dump fines (Fe 60.66%) from the same mining complex. The entire offered quantity was successfully sold at INR 4,260/t ex-mines, indicating stronger buyer preference for higher-grade fines. The auction price also included royalty, DMF, NMET, and additional premium.
On the same day, the company auctioned 20,000 t of calibrated lump ore (CLO) in the 10-40 mm size range with Fe 60%. The entire volume was booked at INR 5,250/t on an FOR loaded-into-rake basis. The quoted price was inclusive of royalty, DMF, NMET, and additional premium.
Meanwhile, in an earlier auction conducted on 6 June, SAIL sold 8,450 t of dump fines (Fe 59.24%) from kalta mines. The entire quantity was booked at INR 3,900/t ex-mines, with the price including royalty, DMF, NMET, and additional premium.
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