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 INR 3,000\/t m-o-m in sponge CDRI prices, along with higher steel prices, kept lumps bids firm.<\/p>\n","protected":false},"excerpt":{"rendered":"
In OMC’s auction for 1.414 mnt of iron ore lumps (Fe 60-65%) on 19 Jan’26,…<\/p>\n","protected":false},"author":1,"featured_media":54707,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[313],"tags":[],"class_list":["post-54706","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-iron-steel"],"featured_image_urls":{"full":["https:\/\/biztrend24.com\/wp-content\/uploads\/2026\/01\/OMC-Lumps-19-Jan26.png",709,567,false],"thumbnail":["https:\/\/biztrend24.com\/wp-content\/uploads\/2026\/01\/OMC-Lumps-19-Jan26-150x150.png",150,150,true],"medium":["https:\/\/biztrend24.com\/wp-content\/uploads\/2026\/01\/OMC-Lumps-19-Jan26-300x240.png",300,240,true],"medium_large":["https:\/\/biztrend24.com\/wp-content\/uploads\/2026\/01\/OMC-Lumps-19-Jan26.png",640,512,false],"large":["https:\/\/biztrend24.com\/wp-content\/uploads\/2026\/01\/OMC-Lumps-19-Jan26.png",640,512,false],"1536x1536":["https:\/\/biztrend24.com\/wp-content\/uploads\/2026\/01\/OMC-Lumps-19-Jan26.png",709,567,false],"2048x2048":["https:\/\/biztrend24.com\/wp-content\/uploads\/2026\/01\/OMC-Lumps-19-Jan26.png",709,567,false],"covernews-slider-full":["https:\/\/biztrend24.com\/wp-content\/uploads\/2026\/01\/OMC-Lumps-19-Jan26.png",709,567,false],"covernews-slider-center":["https:\/\/biztrend24.com\/wp-content\/uploads\/2026\/01\/OMC-Lumps-19-Jan26-709x500.png",709,500,true],"covernews-featured":["https:\/\/biztrend24.com\/wp-content\/uploads\/2026\/01\/OMC-Lumps-19-Jan26.png",709,567,false],"covernews-medium":["https:\/\/biztrend24.com\/wp-content\/uploads\/2026\/01\/OMC-Lumps-19-Jan26-540x340.png",540,340,true],"covernews-medium-square":["https:\/\/biztrend24.com\/wp-content\/uploads\/2026\/01\/OMC-Lumps-19-Jan26-400x250.png",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\/2026\/01\/OMC-Lumps-19-Jan26.png","_links":{"self":[{"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/posts\/54706","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=54706"}],"version-history":[{"count":1,"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/posts\/54706\/revisions"}],"predecessor-version":[{"id":54708,"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/posts\/54706\/revisions\/54708"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/media\/54707"}],"wp:attachment":[{"href":"https:\/\/biztrend24.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=54706"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/biztrend24.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=54706"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/biztrend24.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=54706"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}