Author: P Anjali
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India: OMC’s iron ore lumps auction gets a tepid response
State-run, Odisha Mining Corporation (OMC), conducted an iron ore lumps auction today. Out of 404,000 t put up for auction, 266,000 t or 66% received bids. In today’s auction bid prices were raised by up to INR 650/t against base prices. However, bid prices are down by up to INR 200/t compared to bids of…