SteelMint

Tag: OMC Iron Ore E-auction

  • OMC’s Iron Ore E-Auction Receives Moderate Response

    OMC’s Iron Ore E-Auction Receives Moderate Response

    —

    by

    Parul Jain
    in

    Only 32% iron ore was sold in auction conducted on 26 Sept’15. OMC had cut base prices for few grades offered in the auction.  Odisha Mining Corporation (OMC), recently conducted an e-auction for 693,000 MT iron ore on 26 Sept’15. The company received moderate response and only 220,000 MT iron ore was sold. Participants showed…