Tag: OMC iron ore auction base prices

OMC has scheduled an auction for 2.676 mnt of iron ore (1.141 mnt lumps and 1.535 mnt fines) on 19 Apr’25. The miner has increased base prices by INR 100/t and INR 350/t m-o-m for fines and lumps, respectively. Prices rose amid the tight availability of higher-grade iron ore in the region. Hike in sponge…