India: Odisha iron ore fines index inches up by INR 50/t ($0.5/t) amid active trades

Source: BigMint Apr 29, 2025 08:30

Miners keep offers firm post OMC auction. Mills engage in pre-monsoon restocking.

Odisha's iron ore market largely held firm this week despite volatility in downstream segments, as steelmakers continued to actively procure material following the recent Odisha Mining Corporation (OMC) auction. Market participants noted that the auction prices of both fines and lumps remained largely stable m-o-m, reflecting balanced demand-supply dynamics. BigMint's