India: OMC restricts traders from participating in iron ore e-auctions from Apr’26

Odisha Mining Corporation (OMC) has restricted traders from participating in its monthly national iron ore e-auctions, effective from April’26, thereby limiting access solely to end-use steel industries. OMC offered 35.8 mnt in e-auctions in FY’26, selling 32.3 mnt, while total iron ore production reached 40.02 mnt. Market participants expect price volatility and reduced arbitrage opportunities in the near term.