Tag: OMC base prices announcement
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India: OMC cuts base prices for upcoming iron ore auction
Odisha Mining Corporation (OMC) has scheduled an auction for 2.92 mnt of iron ore ( 1.69 mnt of fines and 1.23 mnt of lumps) on 19 Mar’24. OMC has reduced the base price m-o-m by INR 200/t for the majority of fines lots and INR 100-700/t for few lumps lots, respectively. The fall in pellet…