Tag: Omc fines auction results

India: Weighted average bids decline up to INR 700/t ($7/t) m-o-m in OMC’s iron ore fines auction

May 20, 2026

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by

Adarsh Sahu

in Fines/Lumps

Around 70% fines receive bids Sharp drop in pellet prices keep bids low In OMC’s iron ore fines auction for 1.975 mnt (Fe 51-62%) on 20 May’26, 1.374 mnt (70%) was booked at INR 3,550-5,150/t. Only a couple of lots received premiums of INR 50-250/t over base prices, while the remaining lots were booked at…