BigMint's daily trade sheet - 30 May'26

BigMint's Odisha iron ore fines (Fe 62%) index remained stable w-o-w at INR 5,100/t ($53/t) ex-mines. Trading activity remained cautious following the recent Odisha Mining Corporation (OMC) auction, as buyers and sellers continued to assess post-auction price levels. While a few private miners revised offers downward in line with auction bids, several others were yet to announce fresh prices, resulting in mixed market signals.

Eastern Coalfields Limited (ECL) conducted its non-coking coal auction on 23 May 2026, offering around 683,650 t. Against this, total bids stood at 41,550 t, lower than the 62,950 t allocated in the 16 May auction but reflecting continued selective participation amid weak sponge iron demand and comfortable domestic coal availability.

The following sheet summarises confirmed trades /offers of iron and steel products collected by BigMint to help our users keep track of day-to-day trade dynamics.