Tag: India steel raw materials demand

India: OMC reduces base prices by up to INR 600/t ($6/t) for upcoming iron ore auction

Mar 17, 2026

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by

Adarsh Sahu

in Fines/Lumps

OMC will auction 3.6 mnt of iron ore (1.57-mnt lumps and 2.04-mnt fines) on 19 Mar’26. The miner reduced the base prices of lumps by INR 50-600/t, while those of fines were reduced by INR 250-300/t m-o-m. Lower base prices may attract active participation, given that ore availability has tightened in Odisha’s merchant market during…