At Odisha Mining Corporation’s (OMC) iron ore lump auction yesterday, the entire quantity of 666,000 t received bids. The auction received a mixed response against the bid price of the last auction. The miner had decreased the base price for fines by up to INR 350/t and for lump by up to INR 500/t compared with the base price of the previous auction on 15 Mar’22.
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