Odisha’s state-owned miner- Odisha Mining Corporation (OMC) had scheduled iron ore e-auction today (01st Feb’21) for 933,000 t iron ore lumps. The auction fetched dull response with bids falling by upto around INR 2,200/t against last auction conducted on 2nd Dec’20, sources reported to SteelMint. Majority of lots were booked. Odisha iron ore prices have come under pressure on improved supplies and decline in sponge prices.
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