Tag: OMC iron ore auction base prices

OMC has scheduled an auction for 2.249 mnt of iron ore (0.901 mnt of lumps and 1.348 mnt of fines) on 19 Jul’25. The miner has increased base prices by INR 150/t m-o-m for the few of fines and lumps lots. Heavy monsoon rainfall has curbed iron ore availability, restricting production and dispatch, which led…