Author: Ratiram Gurjar

India: Odisha iron ore fines index decline INR 400/t ($4/t) amid weak market post OMC auction

May 23, 2026

—

by

Ratiram Gurjar

in Fines/Lumps

OMC bids drop INR 700-900/t m-o-m Private miners yet to revise fresh offers BigMint’s Odisha iron ore fines (Fe 62%) index reduced by INR 400/t w-o-w to INR 5,100/t ($53/t) ex-mines on Saturday, 23 May 2026. BigMint recorded deals for around 200,000 t this week, concluded directly between steelmakers and private miners and traders. Odisha…