Tag: OMC iron ore auction

At OMC’s iron ore lump auction today, 490,000 t, or 68% of the total quantity put on offer (724,000 t), received bids. Bid prices in today’s auction increased sharply by up to INR 950/t against the base prices. However, against bid prices of last auction they have exhibited mixed response. OMC produced 27 mnt of…