Tag: OMC iron ore auction

Odisha Mining Corporation’s (OMC’s) iron ore fines auction was held today. Out of 1.431 mnt put on offer, only 3,74,000 t (26%) received bids. The miner decreased the bid price for fines marginally by up to INR 150/t for today’s auction against the last auction on 18 Jul’22. Lower capacity utilisation at pellet plants and…