Tag: iron ore auction bids

India: Weighted average bids remain stable m-o-m in OMC’s Jul’26 iron ore fines auction

Jul 20, 2026

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by

Nidhi Awasthi

in Fines/Lumps

Bids for higher-grade fines fall by INR 200/t, mid grades hold firm 92% of offered quantity booked, with average premium of INR 100/t Odisha Mining Corporation (OMC) auctioned around 1.66 mnt of iron ore fines (Fe 51-65%) on 20 July 2026, with bids received for 1.524 mnt, representing nearly 92% of the offered quantity. Winning…