Tag: OMC iron ore auction

OMC has scheduled an auction for around 2.58 mnt of iron ore (1.07 mnt of lumps and 1.51 mnt of fines) on 20 Aug’24. The company has reduced base prices m-o-m by up to INR 200/t in lumps and INR 100-350/t for fines. The continuous drop in pellets, sponge and steel prices had forced miners…