OMC has scheduled an auction for 2.395 mnt of iron ore (0.902 mnt of lumps and 1.493 mnt of fines) on 19 Aug’25. The miner increased base prices by INR 300/t and INR 350/t m-o-m for most fines and lumps lots, respectively. The prevailing material shortage — due to heavy rainfall and seasonal demand — led to a hike in OMC’s base prices. Meanwhile, dispatches of iron ore have also been affected by the monsoon.
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