Tag: SAIL iron ore auction

India: SAIL’s iron ore auction receives bid higher by INR 250/t

Oct 28, 2020

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by

Indranath Jha

in Fines/Lumps

Steel Authority of India (SAIL) conducted an e-auction for 56,000 t iron ore fines (Fe 60.89%) yesterday from its Rajhara mines, Chhattisgarh. Out of which, only 28,000 t fetched bids at INR 3,370/t (loaded into rakes, including royalty), which is higher by INR 250/t against the previous auction on 16 Oct’20. The remaining quantity will…