State PSU miner Odisha Mining Corporation (OMC) had scheduled an iron ore fines e-auction today. OMC fetched bids for only 24,000 t of material out of a total of 866,000 t put to auction. The bids received remained flat- in line with the base price of the material. The base price for high-grade iron ore fines decreased by up to INR 700/t, while prices for low-grade material slumped by INR 1,350/t as against OMC’s Jul auction.
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