Tag: OMC iron ore bidding trends

In OMC’s iron ore fines auction for 1.939 mnt (Fe 51-62%) on 19 Nov’25, around 1.929 mnt (99%) was booked at INR 2,500-5,900/t. The fines lots received a premium of INR 50-1,000/t over base prices. Bids (weighted average) rose marginally by INR 200/t m-o-m. Limited availability of fines and lack of offers from private miners…