Tag: weighted average bids

India: Weighted average bids rise over INR 150/t premium over base prices in OMC’s Aug’26 auction

Aug 20, 2026

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by

Adarsh Sahu

in Fines/Lumps

Weighted average bids rise by INR 170/t m-o-m 99% of offered quantity booked in auction Odisha Mining Corporation (OMC) auctioned around 0.62 mnt of iron ore lumps (Fe 60-65%) on 19 August 2026, with bids received for 0.618 mnt, representing nearly 99% of the offered quantity. Winning bids ranged between INR 4,400-7,700/t, with an average…