Tag: merchant iron ore supply shortage

India: Bids rise by INR 150/t ($2) m-o-m in OMC’s Mar’26 iron ore fines auction

Mar 20, 2026

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by

Ratiram Gurjar

in Fines/Lumps

In OMC’s iron ore fines auction for 2.04 mnt (Fe 51-65%) on 19 Mar’26, around 1.677 mnt (82%) was booked at INR 2,800-6,150/t ex-mines. The majority of the lots received premiums of INR 400-1,000/t. Meanwhile, weighted average bids rose by INR 150/t m-o-m. The lack of offers and limited availability of ore in the merchant…