Odisha Mining Corporation (OMC) has scheduled an auction for 2.92 mnt of iron ore ( 1.69 mnt of fines and 1.23 mnt of lumps) on 19 Mar’24. OMC has reduced the base price m-o-m by INR 200/t for the majority of fines lots and INR 100-700/t for few lumps lots, respectively. The fall in pellet and iron ore prices, both in the domestic and export markets, has resulted in price cuts by the miner.
