There was a decline in China's DCE steel futures yesterday, accordingly, there was a slight decline in the prices of ingot, old scrap and billet in the domestic market yesterday, the trading range of ingot today is 46500-47300, the market of secondary TMT of steel is Mandi Govindgarh, TMT prices in Raipur, Raigarh, Durgapur, Jalana and Rourkela are expected to remain stable today, according to market experts, demand is stable in India's ferrous scrap market despite pre-election caution. India's steel production is projected to grow by 3.6% in April 2024. In South Asia, the market is sluggish due to regional variations in buyer activity and pricing trends.