Tag: SAIL Auction
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India: Bids rise in SAIL’s auction for high-grade iron ore fines
Govt-owned steelmaker-Steel Authority of India Ltd (SAIL) conducted an auction today from its Bolani mines in Odisha. The entire offered quantity 64,000 t iron ore fines (Fe 62.5%) received bids at INR 4,260-4,280/t (loaded, excluding Royalty). The company has received bids around INR 500/t above against INR 3,810-3,830/t (loaded into rakes and including royalty) held…