Tag: SAIL iron ore auction

India: Bids remain largely stable in SAIL’s iron ore auction from Chhattisgarh

Feb 26, 2021

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by

Monika Bajaj

in Fines/Lumps

Govt-owned steelmaker- Steel Authority of India Ltd (SAIL) conducted an auction from its Rajhara mines (Chhattisgarh) on 26 Feb’21, for 84,000 t iron ore fines (Fe 58.1-60.37%). Out of the total quantity offered only 28,000 t (Fe 60.37%) received bids at INR 3,350/t (loaded into rakes and including royalty). Bids have remained largely stable against…