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India: Odisha iron ore fines index decline INR 400/t ($4/t) amid weak market post OMC auction

Source: BigMint May 26, 2026 08:30
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OMC bids drop INR 700-900/t m-o-m. Private miners yet to revise fresh offers
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 private miners and traders.   Odisha iron ore prices witnessed a sharp decline of INR

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