State-owned Steel Authority of India Ltd (SAIL) conducted an auction for 700 t of HC silico manganese (56/16, 0-3mm and 3-10mm) from its Chandrapur Ferro Alloy Plant in Maharashtra on 9 Aug’21. Buyers booked the entire quantity of 0-3mm silico manganese at INR 59,300/t, while the 3-10mm material was booked at INR 76,150/t exw. Bids increased by INR 500/t for 0-3mm material and INR 350/t for 3-10mm. At the previous auction from the plant on 24 Jul, the entire quantity of 0-3mm silico manganese was booked 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 the 3-10mm material.
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