Tag: SAIL iron ore auction
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India: SAIL iron ore auctions receive weak response in Jan’22 on limited buying interest for low-grade ore
Iron ore auctions conducted by PSU steelmaker SAIL in Jan’22 received weak response, with just 8,000 tonnes (t), a little over 4%, of the total quantity of 196,000 t receiving bids, as per SteelMint data. Although Dec sales at SAIL auctions had been recorded at 216,000 t, they accounted for only about 26% of the…