Odisha Mining Corporation (OMC) has scheduled an auction for 2.3 mnt of iron ore (1.02 mnt lumps and 1.28 mnt fines) on 20 Mar’25. The miner has increased base prices by INR 200-300/t and INR 750/t m-o-m for fines and lumps, respectively against last month’s auction. The tight availability of high-grade ore amidst utilised EC limits of small miners supported the base price hike.
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