Steel Authority of India (SAIL) is looking for permission from Odisha and Jharkhand to auction about 70 million tonnes (MT) of fines or low-grade iron ore lying at its mines in the two states. Depending upon the Fe content, the iron ore can fetch a price of $40-45 a tonne to $62 a tonne.
SAIL is India’s largest steel producing company. The company is among the five Maharatnas of the country’s Central Public Sector Enterprises. The company has five integrated steel plants, three special plants, and one subsidiary in different parts of the country.
