Tag: Barsua iron ore auction

India: No bids received in SAIL’s iron ore fines auction from Barsua mines

Jul 17, 2020

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by

Monika Bajaj

in Fines/Lumps

Steel Authority of India (SAIL) had scheduled an auction for 100,000 t iron ore fines (Fe 61.3%) from its Barsua iron ore mines in Odisha yesterday (16th Jul’20). The auction failed to fetch bids from participants. The base price was set at INR 1,300/t (loaded to rake). Royalty, DMF, NMET & other taxes were not…