2nd International Exhibition and Conference on Metal Production, Metal Processing and Metal Working & Allied Industries
08 - 10 September 2017 Bombay Exhibition Centre, Mumbai, India

Steel companies stay away from coal block auctions

News
The fifth round of coal block auctions that was set to start next week is in doldrums, having received tepid interest from steel makers.
Steel companies stay away from coal block auctions

The fifth round of coal block auctions that was set to start next week is in doldrums, having received tepid interest from steel makers. Bad financial position of most steel companies is being seen as the reason behind the lukewarm response. Some of the coal blocks offered have not received even the minimum number of three bids required for reverse e-auction, sources said. A senior coal ministry official said the fifth tranche of mine auctions was carried at the steel ministry’s insistence.