India: Bids decline by INR 300/t ($3/t) m-o-m in OMC's iron ore fines auction for Apr'26

In OMC's iron ore fines auction for 1.972 mnt (Fe 51-62%) on 18 Apr'26, 1.575 mnt (79%) was booked at INR 3,750-5,700/t. Some lots received premiums of INR 50-600/t over base prices, with INR 175/t being the average premium. However, weighted average bids dropped by INR 300/t m-o-m. Base prices of fines were increased by INR 250-300/t m-o-m for for few lots in the auction.