Tag: OMC iron ore fines auction result

In OMC’s auction for 1.535 mnt of iron ore fines (Fe 51-65%) on 19 Apr’25, 1.149 mnt (75% of the offered quantity) were booked at INR 4,150-5,550/t ex-mines. Bids (weighted average) remained stable m-o-m, while lower-grade fines lots received a subdued response amid a weak export market. OMC had increased the base prices by around…