At Steel Authority of India Ltd’s. (SAIL) auction for 40,000 t of iron ore dump fines (Fe 59%-indicative) from the Bolani mines in Odisha on 20 Oct’22, bids were received for the entire quantity at INR 2,350/t. The same grade of iron ore was last sold on 11 Oct at INR 2,300/t. Prices are ex-mines, inclusive of royalty, DMF, NMET, and additional premium.
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