Steel Authority of India Ltd (SAIL) conducted an auction today for 28,000 t of iron ore fines from its Rajhara mines in Chhattisgarh. The entire material on offer received bids at INR 6,380/t (loaded, including royalty, DMF and NMET), according to market sources. The Fe 60.02% grade iron ore that was auctioned fetched bids which were higher by INR 180/t compared with the last auction held on 16 Jun’21.
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