India: Odisha iron ore fines index shows uptrend after OMC auction, rises $2/t w-o-w

Source: BigMint Feb 25, 2025 10:00

Over 2.5 mnt of iron ore receives bids in OMC auction. Fines premium rises by INR 250/t ($3/t) m-o-m.

Iron ore fines prices in Odisha have remained supportive following the recent Odisha Mining Corporation (OMC) auction, while lump prices have stayed largely stable. Market participants expect a clearer price direction to emerge as major miners are yet to revise their offers. BigMint's Odisha iron ore fines (Fe 62%) index

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