Tag: OMC iron ore auction base prices

OMC has scheduled an auction for 2.617 mnt of iron ore (1.098 mnt lumps and 1.519 mnt fines) on 19 Feb’25. The miner has increased base prices by INR 200-300/t and INR 150/t m-o-m for fines and lumps, respectively, and INR 850/t for Fe55% fines. Hike in pellet prices, tight availability of high-grade ore and…