Steel Authority of India Ltd (SAIL) conducted an auction today for 84,000 t iron ore fines from its Dalli and Rajhara mines in Chhattisgarh. Of the total allotted quantity, 28,000 t (Fe 60.09%) from the Rajhara mine received bids at INR 6,760/t, SteelMint learnt from sources. Another 28,000 t (Fe 55.28%) from the Dalli mine received bids at INR 2,700/t (loaded, including royalty, DMF and NMET). According to market sources, SAIL had also offered 8,000 t iron ore tailings at the auction which received no response.
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