Iron Market Trend (22 January 2025)

• China's DCE iron ore futures continue to remain strong.

• Ingot and old scrap prices saw a slight decline in the domestic market yesterday.

• Trading range of ingot today ₹41,600 - ₹42,200 per tonne.

• TMT rebar prices are expected to remain stable today 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.

• According to market experts, recovery is expected in the price of ingot and old scrap today.