Govt owned steelmaker- Steel Authority of India Ltd (SAIL) conducted an auction for 136,000 iron ore fines (Fe 62.5%) today from its Bolani mines in Odisha. The entire quantity auctioned received bids at INR 3,810-3,830/t (loaded into rakes and excluding royalty) against the base price at INR 3,500/t. Bids have fallen by INR 400-440/t against the last auction held from Bolani on 30th Jan’21.
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