OMC has scheduled an auction for 2.617 mnt of iron ore (1.098 mnt lumps and 1.519 mnt fines) on 19 Feb’25. The miner has increased base prices by INR 200-300/t and INR 150/t m-o-m for fines and lumps, respectively, and INR 850/t for Fe55% fines. Hike in pellet prices, tight availability of high-grade ore and increasing export prices have supported the base price hike.
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