Tag: OMC lumps auction received premium

In OMC’s auction for 0.901 mnt of iron ore lumps (Fe 60-65%) on 19 Jul’25, 100% material  were booked at INR 5,350-7,650/t, with premiums of up to 27% on base price. Weighted average bids rose by INR 175/t m-o-m. Earlier, the miner increased base prices by INR 150/t m-o-m for few lots. Strong demand was…