India: Iron ore lumps receive INR 350/t premium over base prices in OMC's Jul'26 auction

Source: BigMint Jul 23, 2026 10:00

Weighted average bids remain stable m-o-m8. 2% of offered quantity booked in auction

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

Price Curve

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