Tag: OMC iron ore fines auction fetches premium

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

Jul 19, 2025

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by

Ratiram Gurjar

in Fines/Lumps

In OMC’s auction for 1.348 mnt of iron ore fines (Fe 51-65%) on 19 Jul’25, 1.304 mnt (97%) was booked at INR 2,550-5,350/t ex-mines, with a premiums of INR 50-850/t. Bids (weighted average) increased by INR 150/t m-o-m. Earlier, OMC had lifted up base prices by INR 150/t m-o-m for few lots. Limited availability of…