In OMC’s auction for 1.535 mnt of iron ore fines (Fe 51-65%) on 19 Apr’25, 1.149 mnt (75% of the offered quantity) were booked at INR 4,150-5,550/t ex-mines. Bids (weighted average) remained stable m-o-m, while lower-grade fines lots received a subdued response amid a weak export market. OMC had increased the base prices by around INR 100/t m-o-m for fines.
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