Tag: OMC iron ore june auction

India: OMC sharply reduces base prices for Jun’25 iron ore auction

Jun 17, 2025

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by

Ratiram Gurjar

in Fines/Lumps

OMC has scheduled an auction for 2.05 mnt of iron ore (0.98 mnt of lumps and 1.07 mnt of fines) on 19 Jun’25. The miner reduced base prices by INR 500-700/t ($6-8/t) and INR 500/t ($6/t) m-o-m for fines and lumps, respectively. The sharp decline in pellet and sponge prices in central eastern Indian led…