SMM Morning Comments

Category:-Steel | 16-Dec-2024 09:47 PM

Iron ore prices improved last week due to strengthening of Chinese stimulus bets, accordingly ingot prices have shown slight gains in domestic market, weekly trading range of ingot is 41000-43000. TMT prices are expected to recover this week in various areas of steel's secondary market Mandi Govindgarh, Delhi, Gujarat, Raipur, Raigarh, Durgapur, Jalana and Rourkela. According to market experts, ingot prices are expected to trade higher today as well.


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