Steel Market Trends

Category:-Steel | 11-Dec-2024 10:15 PM

Dalian iron ore futures rose to a two-month high after China's Politburo said it will adopt "appropriately loose" monetary policy next year, but domestic ingot prices fell yesterday, with ingot trading in the range of 41300-42100 today. TMT prices are expected to remain stable today in various steel secondary markets including Mandi Govindgarh, Delhi, Gujarat, Raipur, Raigarh, Durgapur, Jalana and Rourkela. According to market experts, short covering is likely in ingot prices today.


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