India: OMC lifts iron ore base prices by around INR 800/t ($9) for Jan’26 auction

OMC will auction 3.6 mnt of iron ore (1.414-mnt lumps and 2.2-mnt fines) on 19 Jan’26. The miner has increased the base prices of lumps by around INR 800/t, while those of fines rose by INR 150-350/t m-o-m. The recent increase in pellet, sponge iron and steel prices have prompted miner to lift iron ore offers.