OMC for fresh bid to sell iron ore.

Press Trust of India Bhubaneswar,Oct. 29: With the steel price sliding in the international market, state owned OrissaMining Corporation (OMC)today decided to invite a fresh bid for auctioning iron ore, official sources said. The BODof the OMChas decided to go for fresh bid on iron ore in view of the fall inpricein the market, steel and mines secretary Mr AshokDalwai,who is also chairman of OMC,told reporters. Mr Dalwaisaid OMC'sdecision was also based on its sales figure as it was found that steel industries were lifting the raw material in lesser quantity. Sources said that a …