In OMC’s auction for 1.193 mnt of iron ore lumps (Fe 60-65%) on 19 Dec’25, the entire material was booked at INR 5,700-8,600\/t, with premiums of INR 1,050-3,300\/t. Weighted average bids dropped by around INR 250\/t m-o-m, driven by a sharp decline in sponge iron prices. Earlier, OMC had also decreased the base prices of lumps by INR 400-750\/t.<\/p>\n","protected":false},"excerpt":{"rendered":"
In OMC’s auction for 1.193 mnt of iron ore lumps (Fe 60-65%) on 19 Dec’25,…<\/p>\n","protected":false},"author":1,"featured_media":51115,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[313],"tags":[],"class_list":["post-51114","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-iron-steel"],"jetpack_publicize_connections":[],"featured_image_urls":{"full":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2025\/12\/Untitled_design_-_2025-12-20T133823.245_1200x630.jpg?fit=1200%2C630&ssl=1?v=1766216351",1200,630,false],"thumbnail":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2025\/12\/Untitled_design_-_2025-12-20T133823.245_1200x630.jpg?resize=150%2C150&ssl=1?v=1766216351",150,150,true],"medium":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2025\/12\/Untitled_design_-_2025-12-20T133823.245_1200x630.jpg?fit=300%2C158&ssl=1?v=1766216351",300,158,true],"medium_large":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2025\/12\/Untitled_design_-_2025-12-20T133823.245_1200x630.jpg?fit=640%2C336&ssl=1?v=1766216351",640,336,true],"large":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2025\/12\/Untitled_design_-_2025-12-20T133823.245_1200x630.jpg?fit=640%2C336&ssl=1?v=1766216351",640,336,true],"1536x1536":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2025\/12\/Untitled_design_-_2025-12-20T133823.245_1200x630.jpg?fit=1200%2C630&ssl=1?v=1766216351",1200,630,true],"2048x2048":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2025\/12\/Untitled_design_-_2025-12-20T133823.245_1200x630.jpg?fit=1200%2C630&ssl=1?v=1766216351",1200,630,true],"covernews-slider-full":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2025\/12\/Untitled_design_-_2025-12-20T133823.245_1200x630.jpg?resize=1115%2C630&ssl=1?v=1766216351",1115,630,true],"covernews-slider-center":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2025\/12\/Untitled_design_-_2025-12-20T133823.245_1200x630.jpg?resize=800%2C500&ssl=1?v=1766216351",800,500,true],"covernews-featured":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2025\/12\/Untitled_design_-_2025-12-20T133823.245_1200x630.jpg?fit=1024%2C538&ssl=1?v=1766216351",1024,538,true],"covernews-medium":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2025\/12\/Untitled_design_-_2025-12-20T133823.245_1200x630.jpg?resize=540%2C340&ssl=1?v=1766216351",540,340,true],"covernews-medium-square":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2025\/12\/Untitled_design_-_2025-12-20T133823.245_1200x630.jpg?resize=400%2C250&ssl=1?v=1766216351",400,250,true]},"author_info":{"display_name":"Biz Trend 24","author_link":"https:\/\/biztrend24.com\/author\/online24"},"category_info":"Iron & Steel<\/a>","tag_info":"Iron & Steel","comment_count":0,"jetpack_featured_media_url":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2025\/12\/Untitled_design_-_2025-12-20T133823.245_1200x630.jpg?fit=1200%2C630&ssl=1?v=1766216351","jetpack-related-posts":[{"id":63898,"url":"https:\/\/biztrend24.com\/?p=63898&lang=en","url_meta":{"origin":51114,"position":0},"title":"India: Bids surge by INR 250\/t m-o-m in OMC’s iron ore lumps auction","author":"Biz Trend 24","date":"April 19, 2026","format":false,"excerpt":"In OMC's auction for 1.44 mnt of iron ore lumps (Fe 60-65%) on 18 Apr'26, 1.23 mnt (85%) were booked at INR 5,650-8,350\/t, with average premiums of INR 600\/t over base prices. Weighted average bids rose by INR 250\/t m-o-m. Earlier, OMC had raised base prices of lumps by INR\u2026","rel":"","context":"In "Iron & Steel"","block_context":{"text":"Iron & Steel","link":"https:\/\/biztrend24.com\/?cat=313&lang=en"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/04\/Untitled-design-43-1.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/04\/Untitled-design-43-1.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/04\/Untitled-design-43-1.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/04\/Untitled-design-43-1.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/04\/Untitled-design-43-1.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":68570,"url":"https:\/\/biztrend24.com\/?p=68570&lang=en","url_meta":{"origin":51114,"position":1},"title":"India: Bids fall by INR 250\/t m-o-m in OMC’s iron ore lumps auction","author":"Biz Trend 24","date":"June 20, 2026","format":false,"excerpt":"In OMC's auction for 1.14 mnt of iron ore lumps (Fe 60-65%) on 19 Jun'26, around 1.03 mnt (90%) were booked at INR 4,750-7,3-00\/t, with premiums of upto 19% over base prices. Weighted average bids fell by INR 250\/t m-o-m. Earlier, OMC had kept base prices stable for this month.\u2026","rel":"","context":"In "Iron & Steel"","block_context":{"text":"Iron & Steel","link":"https:\/\/biztrend24.com\/?cat=313&lang=en"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-60-1.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-60-1.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-60-1.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-60-1.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/06\/Untitled-design-60-1.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":54706,"url":"https:\/\/biztrend24.com\/?p=54706&lang=en","url_meta":{"origin":51114,"position":2},"title":"India: Bids for iron ore lumps remain firm m-o-m in OMC’s auction","author":"Biz Trend 24","date":"January 20, 2026","format":false,"excerpt":"In OMC's auction for 1.414 mnt of iron ore lumps (Fe 60-65%) on 19 Jan'26, the entire material was booked at INR 5,500-7,700\/t, with premiums of INR 100-1,950\/t. Weighted average bids remained largely stable m-o-m. Earlier, OMC had raised the base prices of lumps by INR 800\/t. A hike of\u2026","rel":"","context":"In "Iron & Steel"","block_context":{"text":"Iron & Steel","link":"https:\/\/biztrend24.com\/?cat=313&lang=en"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/01\/OMC-Lumps-19-Jan26.png?fit=709%2C567&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/01\/OMC-Lumps-19-Jan26.png?fit=709%2C567&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/01\/OMC-Lumps-19-Jan26.png?fit=709%2C567&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/01\/OMC-Lumps-19-Jan26.png?fit=709%2C567&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":66732,"url":"https:\/\/biztrend24.com\/?p=66732&lang=en","url_meta":{"origin":51114,"position":3},"title":"India: Bids decline by INR 900\/t m-o-m in OMC’s iron ore lumps auction","author":"Biz Trend 24","date":"May 21, 2026","format":false,"excerpt":"In OMC's auction for 1.3 mnt of iron ore lumps (Fe 60-65%) on 20 May'26, 1.24 mnt (95%) were booked at INR 4,750-7,100\/t, with average premiums of INR 600\/t over base prices. Weighted average bids fell by INR 900\/t m-o-m. 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BigMint recorded deals for around 200,000 t this week, concluded directly between steelmakers and\u2026","rel":"","context":"In "Iron & Steel"","block_context":{"text":"Iron & Steel","link":"https:\/\/biztrend24.com\/?cat=313&lang=en"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/05\/Untitled-design-23-8.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/05\/Untitled-design-23-8.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/05\/Untitled-design-23-8.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/05\/Untitled-design-23-8.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/05\/Untitled-design-23-8.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":67158,"url":"https:\/\/biztrend24.com\/?p=67158&lang=en","url_meta":{"origin":51114,"position":5},"title":"India: Odisha iron ore fines index decline INR 400\/t ($4\/t) amid weak market post OMC auction","author":"Biz Trend 24","date":"May 25, 2026","format":false,"excerpt":"OMC bids drop INR 700-900\/t m-o-m Private miners yet to revise fresh offers BigMint's Odisha iron ore fines (Fe 62%) index reduced by INR 400\/t w-o-w to INR 5,100\/t ($53\/t) ex-mines on Saturday, 23 May 2026. BigMint recorded deals for around 200,000 t this week, concluded directly between steelmakers and\u2026","rel":"","context":"In "Iron & Steel"","block_context":{"text":"Iron & Steel","link":"https:\/\/biztrend24.com\/?cat=313&lang=en"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/05\/Untitled-design-47-4.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/05\/Untitled-design-47-4.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/05\/Untitled-design-47-4.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/05\/Untitled-design-47-4.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/05\/Untitled-design-47-4.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/posts\/51114","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/biztrend24.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=51114"}],"version-history":[{"count":1,"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/posts\/51114\/revisions"}],"predecessor-version":[{"id":51116,"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/posts\/51114\/revisions\/51116"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/media\/51115"}],"wp:attachment":[{"href":"https:\/\/biztrend24.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51114"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/biztrend24.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51114"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/biztrend24.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51114"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}