- Entire offered volume booked in fresh fines and CLO
- Bolani CLO bids remain largely stable against previous auction
SAIL’s iron ore auctions in Odisha held from 7-10 October 2026 recorded bookings of 99,290 tonnes (t), reflecting strong uptake across fresh fines and calibrated lump ore (CLO), despite Bolani dump fines remaining unsold.
At Bolani, the entire 63,000 t of CLO (10-40 mm, Fe 62%) was booked at INR 6,760-6,810/t ($71/t) on 10 October, on an FOR loaded-into-rake basis, inclusive of royalty, DMF, NMET and applicable additional premium. Bids remained largely stable compared with the previous auction held on 29 September. However, 20,000 t dump fines (Fe 60.22%) offered remained unsold.
On 8 October, SAIL sold 12,000 t of fresh fines (Fe 62.5%) from Taldih at INR 6,117/t ($64/t) and another 12,000 t from Kalta at INR 6,183/t, on an FOR loaded-into-rake basis, inclusive of statutory levies and applicable additional premium.
Earlier, on 7 October, 12,290 t of Kalta dump fines (Fe 59.10%) were booked at INR 4,090/t on an ex-mines basis, inclusive of royalty, DMF, NMET and applicable additional premium.
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