{"id":73049,"date":"2026-07-21T16:36:39","date_gmt":"2026-07-21T10:36:39","guid":{"rendered":"https:\/\/biztrend24.com\/?p=73049"},"modified":"2026-07-21T16:36:39","modified_gmt":"2026-07-21T10:36:39","slug":"india-iron-ore-lumps-receive-inr-350-t-premium-over-base-prices-in-omcs-jul26-auction","status":"publish","type":"post","link":"https:\/\/biztrend24.com\/?p=73049&lang=en","title":{"rendered":"India: Iron ore lumps receive INR 350\/t premium over base prices in OMC&#8217;s Jul&#8217;26 auction"},"content":{"rendered":"<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Weighted average bids remain stable m-o-m<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>82% of offered quantity booked in auction<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>Odisha Mining Corporation (OMC) auctioned around 0.883 mnt of iron ore lumps (Fe 60-65%) on 20 July 2026, with bids received for 0.727 mnt, representing nearly 82% of the offered quantity. Winning bids ranged between INR 4,450-6,900\/t, with an average premium of around INR 350\/t over the notified base prices. The premium over base prices was recorded up to INR 1,200\/t for few lots. However, on a weighted average basis, bids remained stable m-o-m compared to June. Notably, ahead of the July auction, OMC kept base prices stable m-o-m for the lumps auction.<\/p>\n<p>Auction highlights:<\/p>\n<p>Weighted average bids for Fe 62%, 5-18 mm lumps rose by INR 50\/t m-o-m to INR 5,300\/t in July, while Fe 62%, 10-40 mm bids were stable against last month.<\/p>\n<p>Offtake was lower than May due to the onset of the monsoon and high inventories with buyers. Typically, steelmakers avoid using lumps during the rainy season to improve operational efficiency, as lump ore absorbs moisture.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-771806\" src=\"https:\/\/i0.wp.com\/wp-insights-sm.s3.ap-south-1.amazonaws.com\/wp-content\/uploads\/2026\/07\/OMC-Lumps-1.png?resize=640%2C611&#038;ssl=1\" alt=\"\" width=\"640\" height=\"611\" \/><\/p>\n<p>Market sentiments:<\/p>\n<p>Odisha lumps prices drop:\u00a0Reflecting softer domestic steel demand, BigMint&#8217;s Odisha iron ore lumps (Fe 63%, 5-18 mm) index averaged around INR 6,750\/t ex-mines in July, down INR 200\/t ($2\/t) m-o-m<\/p>\n<p>Sponge CDRI drop m-o-m:\u00a0Domestic sponge iron (CDRI) prices in Rourkela decreased by INR 750\/t m-o-m to INR 24,500\/t exw, amid pressure from the downstream steel market.<\/p>\n<p><em>*Note: The June month base prices have been corrected.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Weighted average bids remain stable m-o-m 82% of offered quantity booked in auction Odisha Mining&#8230;<\/p>\n","protected":false},"author":1,"featured_media":73050,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_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},"jetpack_post_was_ever_published":false},"categories":[313],"tags":[],"class_list":["post-73049","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\/07\/Untitled-design-2026-07-21T163556.315.jpg?fit=1280%2C720&ssl=1?v=1784630169",1280,720,false],"thumbnail":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-2026-07-21T163556.315.jpg?resize=150%2C150&ssl=1?v=1784630169",150,150,true],"medium":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-2026-07-21T163556.315.jpg?fit=300%2C169&ssl=1?v=1784630169",300,169,true],"medium_large":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-2026-07-21T163556.315.jpg?fit=640%2C360&ssl=1?v=1784630169",640,360,true],"large":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-2026-07-21T163556.315.jpg?fit=640%2C360&ssl=1?v=1784630169",640,360,true],"1536x1536":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-2026-07-21T163556.315.jpg?fit=1280%2C720&ssl=1?v=1784630169",1280,720,true],"2048x2048":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-2026-07-21T163556.315.jpg?fit=1280%2C720&ssl=1?v=1784630169",1280,720,true],"covernews-slider-full":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-2026-07-21T163556.315.jpg?resize=1115%2C715&ssl=1?v=1784630169",1115,715,true],"covernews-slider-center":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-2026-07-21T163556.315.jpg?resize=800%2C500&ssl=1?v=1784630169",800,500,true],"covernews-featured":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-2026-07-21T163556.315.jpg?fit=1024%2C576&ssl=1?v=1784630169",1024,576,true],"covernews-medium":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-2026-07-21T163556.315.jpg?resize=540%2C340&ssl=1?v=1784630169",540,340,true],"covernews-medium-square":["https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-2026-07-21T163556.315.jpg?resize=400%2C250&ssl=1?v=1784630169",400,250,true]},"author_info":{"display_name":"Biz Trend 24","author_link":"https:\/\/biztrend24.com\/author\/online24"},"category_info":"<a href=\"https:\/\/biztrend24.com\/?cat=313&#038;lang=en\" rel=\"category\">Iron &amp; Steel<\/a>","tag_info":"Iron &amp; Steel","comment_count":0,"jetpack_featured_media_url":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/07\/Untitled-design-2026-07-21T163556.315.jpg?fit=1280%2C720&ssl=1?v=1784630169","jetpack-related-posts":[{"id":54706,"url":"https:\/\/biztrend24.com\/?p=54706&lang=en","url_meta":{"origin":73049,"position":0},"title":"India: Bids for iron ore lumps remain firm m-o-m in OMC&#8217;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 &quot;Iron &amp; Steel&quot;","block_context":{"text":"Iron &amp; 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":68570,"url":"https:\/\/biztrend24.com\/?p=68570&lang=en","url_meta":{"origin":73049,"position":1},"title":"India: Bids fall by INR 250\/t m-o-m in OMC&#8217;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 &quot;Iron &amp; Steel&quot;","block_context":{"text":"Iron &amp; 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":66732,"url":"https:\/\/biztrend24.com\/?p=66732&lang=en","url_meta":{"origin":73049,"position":2},"title":"India: Bids decline by INR 900\/t m-o-m in OMC&#8217;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. Earlier, OMC had decreased base prices of lumps by INR\u2026","rel":"","context":"In &quot;Iron &amp; Steel&quot;","block_context":{"text":"Iron &amp; Steel","link":"https:\/\/biztrend24.com\/?cat=313&lang=en"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/05\/ChatGPT-Image-May-21-2026-04_37_13-PM.png?fit=1200%2C800&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/05\/ChatGPT-Image-May-21-2026-04_37_13-PM.png?fit=1200%2C800&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/05\/ChatGPT-Image-May-21-2026-04_37_13-PM.png?fit=1200%2C800&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/05\/ChatGPT-Image-May-21-2026-04_37_13-PM.png?fit=1200%2C800&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/biztrend24.com\/wp-content\/uploads\/2026\/05\/ChatGPT-Image-May-21-2026-04_37_13-PM.png?fit=1200%2C800&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":63898,"url":"https:\/\/biztrend24.com\/?p=63898&lang=en","url_meta":{"origin":73049,"position":3},"title":"India: Bids surge by INR 250\/t m-o-m in OMC&#8217;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 &quot;Iron &amp; Steel&quot;","block_context":{"text":"Iron &amp; 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":67019,"url":"https:\/\/biztrend24.com\/?p=67019&lang=en","url_meta":{"origin":73049,"position":4},"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 24, 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 &quot;Iron &amp; Steel&quot;","block_context":{"text":"Iron &amp; 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":73049,"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 &quot;Iron &amp; Steel&quot;","block_context":{"text":"Iron &amp; 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\/73049","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=73049"}],"version-history":[{"count":1,"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/posts\/73049\/revisions"}],"predecessor-version":[{"id":73051,"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/posts\/73049\/revisions\/73051"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/biztrend24.com\/index.php?rest_route=\/wp\/v2\/media\/73050"}],"wp:attachment":[{"href":"https:\/\/biztrend24.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=73049"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/biztrend24.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=73049"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/biztrend24.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=73049"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}