India: SAIL iron ore auction from Chhattisgarh fails to attract buyers

SAIL conducted an auction for 40,000 t of iron ore fines (Fe 52.52% and Fe 57.25%) from its Dalli and Rajhara iron ore mines in Chhattisgarh. The base prices of Fe 52.52% and Fe 57.25% grade ore stood at INR 1,900/t and INR 2,700/t, respectively. The base price is FOR -inclusive of royalty, DMF, NMET, and additional premium, as per MMDR Amendment Act, 2021. According to latest updates, the tender failed to fetch any response.


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