Odisha’s state-owned miner- Odisha Mining Corporation (OMC) had scheduled an iron ore e-auction today (10th May’21) for 1.37 mn t iron ore fines. The entire quantity put up for auction was booked with bids increasing by upto INR 2,750/t (over 50%) against the set base price, according to market sources report to SteelMint. The miner had increased the base price by upto INR 1,880/t against the last e-auction held on 10th Mar’21. Few trade sources highlighted that bids fetched were higher than expected on active buying.
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