Tag: sail iron ore auction bolani

India: SAIL’s Odisha iron ore auction closes without a single bid

Sep 6, 2022

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by

Ratiram Gurjar

in Fines/Lumps

The Steel Authority of India Ltd (SAIL) conducted an auction today for 40,000 t of iron ore dump fines (Fe 59% Indicative) from its Bolani mines in Odisha. The auction failed to attract buyers. The last couple of auctions also remained inconclusive owing to high base prices.