The Industrial Development Corporation of Odisha Ltd. (IDCOL) has issued two tenders for sale of around 15,200 t of iron ore CLO ( Fe + 60 and Fe 62%) and 22,800 t of crushed and screened iron ore fines (Fe 55% and Fe 58%) on 7 Sept’21. According to a recent update, the company has reduced the floor price by INR 500-700/t for fines and INR 1,900-2,500/t for CLO. For Fe 55% fines, the bidding will open at INR 3,000/t per wet metric tonne (wmt), while for Fe 58% grade the bidding is slated to open at INR 4,000/wmt. For Fe 62% lumps, the bidding will open at INR 10,000/t and for Fe 60% at INR 9,000/t.
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