Tag: iron ore trade outlook India

India: OMC hikes base prices by up to INR 500/t ($5/t) for upcoming iron ore auction

Apr 16, 2026

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by

Adarsh Sahu

in Fines/Lumps

OMC will auction 3.412 mnt of iron ore (1.44 mnt lumps and 1.972 mnt fines) on 18 Apr’26. The miner has increased base prices of lumps by INR 500/t, while fines prices rose by up to INR 250/t m-o-m. The upward revision follows similar price hikes by NMDC and Lloyds Metals by INR 450-550/t, reflecting…