Industrial Development Corporation of Odisha Limited (IDCOL) conducted an auction today (30 Dec ’20) for 11,400 t sponge grade lump (5-18mm, Fe 62%) and 20,000 t iron ore fines (Fe 55%). The auction received an active response. The highest bid (H1) fetched for lump increased by around INR 400/t to INR 8,625/t against last auction and however for fines bid was decreased by around INR 150/t to INR 2,111/t (excluding Royalty, NMET and DMF) against auction held on 10th Dec.
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