In OMC’s iron ore fines auction for 1.972 mnt (Fe 51-62%) on 18 Apr’26, 1.575 mnt (79%) was booked at INR 3,750-5,700\/t. Some lots received premiums of INR 50-600\/t over base prices, with INR 175\/t being the average premium. However, weighted average bids dropped by INR 300\/t m-o-m. Base prices of fines were increased by INR 250-300\/t m-o-m for for few lots in the auction.<\/p>\n","protected":false},"excerpt":{"rendered":"
In OMC’s iron ore fines auction for 1.972 mnt (Fe 51-62%) on 18 Apr’26, 1.575…<\/p>\n","protected":false},"author":1,"featured_media":63905,"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-63904","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\/2026\/04\/Untitled-design-46-2.jpg?fit=1280%2C720&ssl=1?v=1776594267",1280,720,false],"thumbnail":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/04\/Untitled-design-46-2.jpg?resize=150%2C150&ssl=1?v=1776594267",150,150,true],"medium":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/04\/Untitled-design-46-2.jpg?fit=300%2C169&ssl=1?v=1776594267",300,169,true],"medium_large":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/04\/Untitled-design-46-2.jpg?fit=640%2C360&ssl=1?v=1776594267",640,360,true],"large":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/04\/Untitled-design-46-2.jpg?fit=640%2C360&ssl=1?v=1776594267",640,360,true],"1536x1536":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/04\/Untitled-design-46-2.jpg?fit=1280%2C720&ssl=1?v=1776594267",1280,720,true],"2048x2048":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/04\/Untitled-design-46-2.jpg?fit=1280%2C720&ssl=1?v=1776594267",1280,720,true],"covernews-slider-full":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/04\/Untitled-design-46-2.jpg?resize=1115%2C715&ssl=1?v=1776594267",1115,715,true],"covernews-slider-center":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/04\/Untitled-design-46-2.jpg?resize=800%2C500&ssl=1?v=1776594267",800,500,true],"covernews-featured":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/04\/Untitled-design-46-2.jpg?fit=1024%2C576&ssl=1?v=1776594267",1024,576,true],"covernews-medium":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/04\/Untitled-design-46-2.jpg?resize=540%2C340&ssl=1?v=1776594267",540,340,true],"covernews-medium-square":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/04\/Untitled-design-46-2.jpg?resize=400%2C250&ssl=1?v=1776594267",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\/2026\/04\/Untitled-design-46-2.jpg?fit=1280%2C720&ssl=1?v=1776594267","jetpack-related-posts":[{"id":63898,"url":"https:\/\/biztrend24.com\/?p=63898&lang=en","url_meta":{"origin":63904,"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":54706,"url":"https:\/\/biztrend24.com\/?p=54706&lang=en","url_meta":{"origin":63904,"position":1},"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":51114,"url":"https:\/\/biztrend24.com\/?p=51114&lang=en","url_meta":{"origin":63904,"position":2},"title":"India: Bids for iron ore lumps drop by INR 250\/t m-o-m in OMC’s auction","author":"Biz Trend 24","date":"December 20, 2025","format":false,"excerpt":"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. 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