Odisha iron ore fines prices remained largely stable w-o-w in the week, with BigMint’s assessment for Fe 62% fines decreased marginally by INR 50/tonne (t) ($0.5/t) at INR 5,500/tonne (t) ($57.9/t) ex-mines.
The recent price reductions in Odisha Mining Corporation’s (OMC) auction offers have added to the pressure. According to auction notices dated 22 October 2026, the miner lowered iron ore fines base prices by around INR 150/t ($1.6/t) from the previous month, while calibrated lump ore (CLO) prices were reduced by INR 50-450/t ($0.5-4.7/t), depending on grade and source. The cuts follow a decline of up to INR 1,500/t ($15.8/t) in eastern India’s sponge iron and billet prices over the preceding week.
The following sheet summarises confirmed trades /offers of iron and steel products collected by BigMint to help our users keep track of day-to-day trade dynamics.
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