Author: Yuvraj Chouhan
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India: ECL auction offtake declines; G11 dominates allocations
Sponge iron producers participate actively ECL to auction 400,000 t on 5 Jun’26 Eastern Coalfields Limited (ECL) conducted its non-coking coal auction on 23 May 2026, offering around 683,650 t. Against this, total bids stood at 41,550 t, lower than the 62,950 t allocated in the 16 May auction but reflecting continued selective participation amid…