India: Buyers book around 12,000 t of iron ore in OMDC’s auction from Odisha

OMDC conducted an auction for 11,984 t of iron ore CLO (10-40 mm, Fe 58.41-63.74%) from its Bagiaburu mines in Odisha on 1 Jul’24. According to sources, the entire quantity of CLO was booked at INR 1,700-2,200/t. Prices are on ex-mines basis and exclude royalty, DMF and NMET.