Tag: SAIL iron ore fines e-auction

India: SAIL sells iron ore fines at 16% over base price in auction

Aug 8, 2020

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by

Indranath Jha

in Fines/Lumps

Steel Authority of India (SAIL) sold off 100,000 t, 62.5% Fe iron ore fines from its Bolani mines at an auction held on 7th Aug’20. The auction fetched a decent response with the entire auctioned quantity booked at INR 1,790-1,800/t (loaded to rake; Royalty, DMF, NMET & other taxes extra), higher by 16% than the base…