At state-run Odisha Mining Corporation’s (OMC) iron ore fines auction today, 587,000 t, or 90.44% of the total quantity of 649,000 t, has received bids, as per latest updates with SteelMint. Bid prices in today’s auction rose by up to INR 1,300/t compared to last month’s auction. As reported earlier, OMC had increased base prices up to INR 1,250/t for the fines auction.
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