Tag: iron ore shortage India

India: OMC raises base prices by up to INR 150/t ($2/t) for Sep’25 iron ore auction

Sep 17, 2025

—

by

Adarsh Sahu

in Fines/Lumps

OMC will auction 3.098 mnt of iron ore (1.178-mnt lumps and 1.92-mnt fines) on 19 Sep’25. The miner increased base prices by INR 50/t and INR 50-150/t m-o-m for the fines and lumps lots, respectively. This follows firm prices of raw pellets and sponge iron. The miner has offered larger volumes compared to previous auctions,…