State PSU miner OMC has scheduled an iron ore auction for 19 May’22. Around 971,000 t of lump ore and 1.285 mnt of fines will be put up for auction. The base price of the auction is yet to be disclosed. In the previous auction, the miner received active response with the entire quantity of 1.616 mnt of iron ore lump and fines getting booked.
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