Tag: SAIL ASP procures 65 t ferro molybdenum via reverse auction

SAIL’s Alloy Steel Plant (ASP) procured 65 t of ferro molybdenum (Mo 60% min, 10-50 mm) through a reverse auction held on 17 Feb’26. According to market sources, the entire quantity was booked at an L1 price of about INR 2,721,000/t FOR ($29,892/t), excluding GST and including GeM portal charges. BigMint assessed ferro molybdenum (Mo…