Odisha Mining Corporation (OMC) has scheduled an auction for 2.79 mnt of iron ore ( 1.546 mnt of fines and 1.243 mnt of lumps) on 19 Feb’24. OMC has reduced the base price m-o-m by INR 300-400/t and INR 50/t for the majority of fines and lumps lots, respectively. The fall in pellet and sponge iron prices has resulted in price cuts by the miner.
