Tag: Omc iron ore Lumps result

India: Over 1.1 mnt of iron ore lumps fetch bids at OMC’s auction

Jun 20, 2024

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by

Ratiram Gurjar

in Pellets

OMC conducted an auction for 1.121 mnt of iron ore lumps (Fe 58-64%) on 20 Jun’24. The buyers booked 1.114 mnt (99% of the offered quantity) of lumps at INR 3,750-7,150/t. Steelmakers showed an active response for the lumps auction but bids dropped around INR 1,100/t (weighted average) compared to last month. Notably, the miner…