Steel Market Trends

Category:-Steel | 23-Jul-2024 09:25 AM

Iron ore futures prices declined on Monday as investors assessed mixed signals from top consumer China after the conclusion of the third plenary session of the IOC. Accordingly, the prices of ingot, old scrap and billet declined in the domestic market yesterday. The trading range of ingot today is 42500-43100. The price of TMT is expected to decline today in various areas of steel's secondary market Mandi Govindgarh, Delhi, Gujarat, Raipur, Raigarh, Durgapur, Jalana and Rourkela. According to market experts, the trend of ingot is negative right now, but buying from the support level can be a profitable deal. 


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