State-owned Steel Authority of India Ltd (SAIL) conducted an auction for 500 t of HC silico manganese (56/16, 0-3mm and 3-10mm) from its Chandrapur Ferro Alloy Plant in Maharashtra on 24 Jul’21. Buyers booked the entire quantity of 0-3mm silico manganese at INR 58,800/t, while the 3-10mm material was booked at INR 75,800/t exw. Bids dropped by INR 1,200/t for 3-10mm material. At the previous auction on 16 Jul, 300 t of 3-10mm was booked at INR 77,000/t, down by INR 6,400/t compared to the previous auction on 2 Jul.
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