Tag: OMC iron ore lumps auction

OMC conducted an auction for 1.24 mnt of iron ore lumps (Fe 58-62%) on 19 Feb’24. Buyers booked 1.09 mnt (88% of the offered quantity) of lumps. Majority of the lots were booked at base prices, while bids increased by INR 50-1,700/t over the base price for some lots. However, bid prices fell by up…