17
Jul
10:28
Coal India revises auction rules to boost supply
Indian major Coal India Ltd (CIL) plans to relax its e-auction rules and has instructed its subsidiaries to increase sales through auctions in the next two quarters, notes Kallanish.
All subsidiaries, including BCCL and CCL – major coking coal suppliers in the domestic market – are being directed to offer up to 40% of their production in e-auctions, up from the current 20%.
Additional key changes include allowing up to four bids per bidder, extending …
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Very good overview of the weekly steel market.
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