SAIL conducted an auction today for 140,000 t of iron ore fines from the Bolani iron ore mines in Odisha. Out of the total quantity, SAIL received bids for 56,000 t offered at INR 5,050/t (loaded, including royalty, DMF and NMET). The material put to auction was Fe 62.5%-indicative grade and fetched bids INR 1,000/t lower compared to the last auction held on 27 Oct.
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