OMC has scheduled an auction for 2 mnt of iron ore, (0.861 mnt lumps and 1.204 mnt fines) on 18 Dec’24. The miner has reduced fines and lump base prices by up to INR 400/t and INR 300/t m-o-m, respectively. Pellet prices decreased in the Odisha-Bengal region by INR 700/t, while DRI prices fell by INR 300-800/t m-o-m leading to drop in OMC’s base prices.
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