Tag: Omc iron ore Lumps result

India: Over 0.95 mnt of iron ore lumps fetch bids at OMC’s auction

Jul 21, 2024

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by

Ratiram Gurjar

in Fines/Lumps

OMC conducted an auction for 1.057 mnt of iron ore lumps (Fe 58-64%) on 20 Jul’24. The buyers booked 0.953 mnt (90% of the offered quantity) of lumps at INR 3,770-6,000/t. Steelmakers showed an active response for the lumps auction, but bids dropped around INR 100-700/t compared to last month. Notably, the miner had reduced…