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":{"footnotes":""},"categories":[313],"tags":[],"class_list":["post-51114","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-iron-steel"],"featured_image_urls":{"full":["https:\/\/biztrend24.com\/wp-content\/uploads\/2025\/12\/Untitled_design_-_2025-12-20T133823.245_1200x630.jpg?v=1766216351",1200,630,false],"thumbnail":["https:\/\/biztrend24.com\/wp-content\/uploads\/2025\/12\/Untitled_design_-_2025-12-20T133823.245_1200x630-150x150.jpg?v=1766216351",150,150,true],"medium":["https:\/\/biztrend24.com\/wp-content\/uploads\/2025\/12\/Untitled_design_-_2025-12-20T133823.245_1200x630-300x158.jpg?v=1766216351",300,158,true],"medium_large":["https:\/\/biztrend24.com\/wp-content\/uploads\/2025\/12\/Untitled_design_-_2025-12-20T133823.245_1200x630-768x403.jpg?v=1766216351",640,336,true],"large":["https:\/\/biztrend24.com\/wp-content\/uploads\/2025\/12\/Untitled_design_-_2025-12-20T133823.245_1200x630-1024x538.jpg?v=1766216351",640,336,true],"1536x1536":["https:\/\/biztrend24.com\/wp-content\/uploads\/2025\/12\/Untitled_design_-_2025-12-20T133823.245_1200x630.jpg?v=1766216351",1200,630,false],"2048x2048":["https:\/\/biztrend24.com\/wp-content\/uploads\/2025\/12\/Untitled_design_-_2025-12-20T133823.245_1200x630.jpg?v=1766216351",1200,630,false],"covernews-slider-full":["https:\/\/biztrend24.com\/wp-content\/uploads\/2025\/12\/Untitled_design_-_2025-12-20T133823.245_1200x630-1115x630.jpg?v=1766216351",1115,630,true],"covernews-slider-center":["https:\/\/biztrend24.com\/wp-content\/uploads\/2025\/12\/Untitled_design_-_2025-12-20T133823.245_1200x630-800x500.jpg?v=1766216351",800,500,true],"covernews-featured":["https:\/\/biztrend24.com\/wp-content\/uploads\/2025\/12\/Untitled_design_-_2025-12-20T133823.245_1200x630-1024x538.jpg?v=1766216351",1024,538,true],"covernews-medium":["https:\/\/biztrend24.com\/wp-content\/uploads\/2025\/12\/Untitled_design_-_2025-12-20T133823.245_1200x630-540x340.jpg?v=1766216351",540,340,true],"covernews-medium-square":["https:\/\/biztrend24.com\/wp-content\/uploads\/2025\/12\/Untitled_design_-_2025-12-20T133823.245_1200x630-400x250.jpg?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:\/\/biztrend24.com\/wp-content\/uploads\/2025\/12\/Untitled_design_-_2025-12-20T133823.245_1200x630.jpg?v=1766216351","_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}]}}