Tag: iron ore base price hike

India: OMC raises base prices by up to INR 350/t ($3.5/t) for upcoming iron ore auction

Feb 17, 2026

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by

Adarsh Sahu

in Fines/Lumps

OMC will auction 3.833 mnt of iron ore (1.58-mnt lumps and 2.25-mnt fines) on 19 Feb’26. The miner increased the base prices of lumps by INR 100-300/t, while those of fines were raised by INR 150-350/t m-o-m. The hike could be attributed to expectations of healthy iron ore demand in Q4, expiry of merchant miners’…