India: OMC’s iron ore lump e-auction fetches bid higher upto INR 1,850/t ($25)

Odisha Mining Corp (OMC) iron ore lump e-auction fetched good response as the entire quantity offered 668,000 t got booked. Bids increased upto INR 1,850/t (about $25/t) over the set base price. Iron ore prices in Odisha have rallied due to less material availability in the merchant market.


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