Steel Market Trends

Category:-Steel | 06-Dec-2024 10:20 PM

Iron ore futures prices declined yesterday due to rising trade tensions between China and the US, but ingot prices recovered in its domestic market yesterday, the trading range of ingot today is 41700-42500. TMT prices are expected to improve today in various areas of secondary steel markets Mandi Govindgarh, Delhi, Gujarat, Raipur, Raigarh, Durgapur, Jalana and Rourkela. According to market experts, steel demand will remain strong due to the boom in the construction sector in India, but the flood of cheap steel from China has forced small mills in India to reduce operations. Ingot is likely to trade in a range today.


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