India: Bids increase in SAIL’s iron ore auction from Chhattisgarh mines

Steel Authority of India Ltd (SAIL) has booked 28,000 t iron ore fines (Fe 60.07%) from its Dalli mines in Chhattisgarh through an e-auction at INR 4,800/t (loaded into rakes and including royalty), SteelMint learned from its sources. The bid price has increased by INR 630 as against the last e-auction held at Rajhara mines (Fe 60.2%) which fetched bids at INR 4,170/t.


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