Odisha Mining Corporation (OMC) had scheduled an iron ore fines auction on 15 Jan’22 in which out of a total of 1.175 mn t of material, 1 mn t (85%) received bids. The auction received flat bids i.e. in line with the base price, except for the high-grade lot which fetched a premium of INR 400/t, as per SteelMint sources. The key buyers were Orissa Metaliks, Rashmi Metaliks, BRPL and Super Smelters.
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