Tag: OMC Auction Result

India: Bids edge up m-o-m in OMC’s iron ore fines auction

Mar 21, 2025

—

by

Indranath Jha

in Fines/Lumps

In OMC’s auction for 1.324 mnt of iron ore fines (Fe 55-65%) on 20 Mar’25, 1.286 mnt (97%) was booked at INR 3,700-5,500/t ex-mines. Weighted average bids rose by INR 200/t against last month. OMC had increased the base prices by around INR 200-300/t m-o-m for fines. Tight availability of iron ore amid expired EC…