Tag: auction premiums

India: Bids for iron ore lump rise by INR 250/t m-o-m in OMC’s auction

Nov 20, 2025

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by

Adarsh Sahu

in Fines/Lumps

In OMC’s auction for 1 mnt of iron ore lumps (Fe 60-65%) on 19 Nov’25, the entire material was booked at INR 6,000-8,750/t, with premiums of INR 700-1,700/t. Some lots fetched up to INR 2,000-2,700/t premium. Weighted average bids surged by INR 250/t m-o-m. OMC had decreased base prices by INR 200/t for lumps. Scarcity…