In OMC’s auction for 1.324 mnt of iron ore fines (Fe 55-65%) on 20 Mar’25, 1.286 mnt (97%) was booked at INR 3,700-5,500/t ex-mines. Weighted average bids rose by INR 200/t against last month. OMC had increased the base prices by around INR 200-300/t m-o-m for fines. Tight availability of iron ore amid expired EC limits led to active response from buyers.
*Correction: The Date has been corrected in the offered quantity column in the Feature image.
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