Tag: iron ore shortage

In OMC’s iron ore fines auction of 1.493 (Fe 51-65%) on 19 Aug’25, around 1.472 mnt (98.6%) of fines were booked at INR 2,650-5,550/t, with premiums of INR 50-700/t over base prices. Bids (weighted average) rose by INR 300/t m-o-m. The hike in prices was led by the material shortage due to the heavy monsoon,…