India: SAIL’s Odisha iron ore auction fails to attract buyers

SAIL conducted an auction for 60,000 t of iron ore fines (Fe 60.5%-indicative) from its Barsua iron ore mines in Odisha. The due date for submission of bids was 4 Dec’21 and the base price was INR 4,800/t FOR (inclusive of royalty, DMF, NMET and additional premium). According to latest updates, the tender failed to fetch any response.


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