OMC will auction 3.156 mnt of iron ore (1.141 mnt lumps and 2.015 mnt fines) on 19 Jun’26. The miner has kept base prices of lumps largely same, with a small correction of INR 50/t m-o-m for fines. The revision follows weak pricing in sponge iron, finished steel and sluggish demand in the pellet segment. However, restocking before monsoon is crucial in the coming weeks.
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