Iron Market Trend (16 January 2025)

China's DCE iron ore futures saw a recovery yesterday.

After a slight decline in the domestic market (ingot and old scrap) yesterday, today's trading range is expected to be between ₹41,700-₹42,500.

TMT rebar prices are expected to remain stable in various areas of steel secondary market Mandi Govindgarh, Delhi, Gujarat, Raipur, Raigad, Durgapur, Jalana, Rourkela, Hyderabad, Jammu, Jaipur, Ghaziabad, Muzaffarnagar, Bhiwadi, Patna, Jharkhand, Bangalore, Goa, Bhopal, Indore, Nagpur.

Conclusion: According to market experts, today's market may remain relatively stable. Further price trend will depend on demand, supply and the impact of the Chinese market.