OMC has scheduled an auction for 2.676 mnt of iron ore (1.141 mnt lumps and 1.535 mnt fines) on 19 Apr’25. The miner has increased base prices by INR 100/t and INR 350/t m-o-m for fines and lumps, respectively. Prices rose amid the tight availability of higher-grade iron ore in the region. Hike in sponge iron prices m-o-m also supported the move.
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