Tag: OMC iron ore auction base prices

OMC has scheduled an auction for around 2.917 mnt of iron ore (1.796 mnt of fines and 1.121 mnt of lumps) on 20 Jun’24. The company has reduced base prices m-o-m by up to INR 250-300/t and INR 1,150-1,350/t for both fines and lumps, respectively. The continuous drop in pellets, sponge and steel prices had…