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 500\/t. The auction recorded strong participation due to expectations of improved finished steel demand in Apr’26, following the start of the new fiscal year.<\/p>\n","protected":false},"excerpt":{"rendered":"
In OMC’s auction for 1.44 mnt of iron ore lumps (Fe 60-65%) on 18 Apr’26,…<\/p>\n","protected":false},"author":1,"featured_media":63899,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[313],"tags":[],"class_list":["post-63898","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\/04\/Untitled-design-43-1.jpg?v=1776593956",1280,720,false],"thumbnail":["https:\/\/biztrend24.com\/wp-content\/uploads\/2026\/04\/Untitled-design-43-1-150x150.jpg?v=1776593956",150,150,true],"medium":["https:\/\/biztrend24.com\/wp-content\/uploads\/2026\/04\/Untitled-design-43-1-300x169.jpg?v=1776593956",300,169,true],"medium_large":["https:\/\/biztrend24.com\/wp-content\/uploads\/2026\/04\/Untitled-design-43-1-768x432.jpg?v=1776593956",640,360,true],"large":["https:\/\/biztrend24.com\/wp-content\/uploads\/2026\/04\/Untitled-design-43-1-1024x576.jpg?v=1776593956",640,360,true],"1536x1536":["https:\/\/biztrend24.com\/wp-content\/uploads\/2026\/04\/Untitled-design-43-1.jpg?v=1776593956",1280,720,false],"2048x2048":["https:\/\/biztrend24.com\/wp-content\/uploads\/2026\/04\/Untitled-design-43-1.jpg?v=1776593956",1280,720,false],"covernews-slider-full":["https:\/\/biztrend24.com\/wp-content\/uploads\/2026\/04\/Untitled-design-43-1-1115x715.jpg?v=1776593956",1115,715,true],"covernews-slider-center":["https:\/\/biztrend24.com\/wp-content\/uploads\/2026\/04\/Untitled-design-43-1-800x500.jpg?v=1776593956",800,500,true],"covernews-featured":["https:\/\/biztrend24.com\/wp-content\/uploads\/2026\/04\/Untitled-design-43-1-1024x576.jpg?v=1776593956",1024,576,true],"covernews-medium":["https:\/\/biztrend24.com\/wp-content\/uploads\/2026\/04\/Untitled-design-43-1-540x340.jpg?v=1776593956",540,340,true],"covernews-medium-square":["https:\/\/biztrend24.com\/wp-content\/uploads\/2026\/04\/Untitled-design-43-1-400x250.jpg?v=1776593956",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\/04\/Untitled-design-43-1.jpg?v=1776593956","_links":{"self":[{"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/posts\/63898","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=63898"}],"version-history":[{"count":1,"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/posts\/63898\/revisions"}],"predecessor-version":[{"id":63900,"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/posts\/63898\/revisions\/63900"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/media\/63899"}],"wp:attachment":[{"href":"https:\/\/biztrend24.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=63898"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/biztrend24.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=63898"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/biztrend24.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=63898"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}