Tag: iron ore restocking demand

In OMC’s auction for 1.193 mnt of iron ore lumps (Fe 60-65%) on 19 Dec’25, the entire material was booked at INR 5,700-8,600/t, with premiums of INR 1,050-3,300/t. Weighted average bids dropped by around INR 250/t m-o-m, driven by a sharp decline in sponge iron prices. Earlier, OMC had also decreased the base prices of…