Tag: SAIL iron ore fines e-auction
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India: SAIL iron ore fines auction receives an improved response amid lower base price
Steel Authority of India Limited (SAIL) conducted an e-auction today for 64,000 t iron ore fines (Fe 61.3%) from its Barsua mines, Odisha. The company had set the base price for the auction at INR 1,850/t (loaded to wagon, taxes extra). The auction received a good response with 56,000 t getting booked at INR 1,850-1,860/t,…