State-run Odisha Mining Corporation (OMC) conducted an iron ore lumps auction today. Out of 399,000 t put up for auction, 316,000 t or 79.2% received bids. Bid prices rose by up to INR 1,425/t compared to bids of last month’s auction. However, in today’s auction bid prices were increased by up to INR 450/t against base prices.
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