Tag: OMC iron ore lumps

India: Iron ore lumps receive INR 350/t premium over base prices in OMC’s Jul’26 auction

Jul 21, 2026

—

by

Ratiram Gurjar

in Fines/Lumps

Weighted average bids remain stable m-o-m 82% of offered quantity booked in auction Odisha Mining Corporation (OMC) auctioned around 0.883 mnt of iron ore lumps (Fe 60-65%) on 20 July 2026, with bids received for 0.727 mnt, representing nearly 82% of the offered quantity. Winning bids ranged between INR 4,450-6,900/t, with an average premium of…