India: OMC to auction 342,000 t of unsold, seized iron ore from Odisha

OMC will auction unsold and seized iron ore from Koira and Joda circles on 9 Feb’23. Material on offer:

• 268,190 t of subgrade lumps (Fe57.49%) at the floor price of INR 3,205-3,855/t.
• 72,813 t of lumps (Fe52.84-65.56%) at the floor price of INR 1,322-7325/t.
• 551 t of ROM (Fe55.3%) at the floor price of INR 3,036/t.
• 260 t of seized iron fines (Fe57-65%) at the floor price of INR 249-374/t.