OMC had scheduled an e-auction for iron ore fines today (2 Nov'21) for about 1.013 mn t. The auction received bids for about 70% (708,000t) of the total material. The bids, however, stayed flat bids, i.e. at the base price level. OMC had reduced base prices for different grades by up to INR 650/t compared to its last auction on 1 Oct.
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