India: Buyers book entire quantity of iron ore fines at OMC's auction
OMC conducted an auction for 1.678 mnt of iron ore fines (Fe 54-65%) on 19 Dec'23. The buyers participated actively in the auction, and the entire quantity of fines was booked. Bids for fines have increased by INR 100-1,100/t against the bid prices of Nov'23. The miner raised the base price by INR 50-100/t m-o-m for today's auction for almost all lots.