Tag: OMC iron ore fines auction

India: Buyers book over 86% of iron ore fines at OMC’s auction

Mar 19, 2024

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by

Ratiram Gurjar

in Uncategorized

OMC conducted an auction for 1.692 mnt of iron ore fines (Fe 55-64%) on 19 March’24. Around 1.461 mnt of fines (86%) were booked at INR 3,100-5,000/t. Bids for fines have decreased by INR 400-950/t for majority lots against last month’s bids while few lots’ bids dropped over INR 1,050-1,150/t. A sharp drop in pellet…