India: 20,000 t of iron ore booked in SAIL-Bolani's auction

Steel Authority of India Ltd (SAIL) conducted an auction for 44,000 t of iron ore dump fines (Fe 55.30-58.40%) from Bolani mines, Odisha on 30 Sep'24. Only 20,000 t of dump fines (Fe 58.4%) were booked at INR 2,800/t against the base price of INR 2,650/t. Notably, bid prices were higher by INR 150/t. Price is on ex-mines basis, including royalty, DMF, NMET and extra premium.