OMC auctioned around 2.01 mnt iron ore fines (Fe 51-65%) on 19 Jun’26. Around 1.543 mnt (76%) iron ore fines received bids at INR 3,500-5,850/t with around INR 100/t premium on base prices. The weighted avg bids against last months rose by INR 50/t. Earlier, the miner inched down base prices by INR 50-100/t m-o-m. The recent downward revision in pellet prices in domestic market limited the hike in bids prices.
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