Steel Market Trends

Category:-Metal | 25-Jun-2024 09:46 AM

China's DCE steel futures also declined yesterday, accordingly the prices of ingot, old scrap and billet have declined in the domestic market, the trading range of ingot today is 43800-44400, prices of steel are expected to decline today in various areas of secondary market Mandi Govindgarh, Delhi, Gujarat, Raipur, Raigarh, Durgapur, Jalana and Rourkela. According to market experts, iron ore has fallen to a two and a half month low due to the decrease in demand for steel and strengthening of the dollar. Demand is likely to remain weak in the future also due to monsoon rains in North India.  

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