Tag: SAIL iron ore auction

India: Bids increase by INR 700/t in SAIL’s Bolani iron ore fines auction

Oct 31, 2020

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by

Monika Bajaj

in Fines/Lumps

Steel Authority of India Limited (SAIL) conducted e-auctions from its Odisha and Chhattisgarh mines. The company received bids for entire quantity put to auction. In the auction conducted from Bolani mines, bids for 104,000 t fines (Fe 62.5%) stood at INR 3,180-3,200/t (loaded into rakes and excluding royalty). The bids fetched are up by INR…