Daily Iron Market Trend (February 14, 2025)

1. Iron Ore & Ingot:

• China’s Dalian iron ore futures closed lower yesterday.

• In the domestic market, ingot and old scrap prices saw a slight increase.

• Today, the trading range for ingot is expected to be ₹42,300 - ₹42,900 per ton.

2. Secondary Steel Market:

• TMT prices are expected to rise in various regions, including Mandi Gobindgarh, Delhi, Gujarat, Raipur, Raigarh, Durgapur, Jalna, Rourkela, Hyderabad, Jammu, Jaipur, Ghaziabad, Muzaffarnagar, Bhiwadi, Patna, Jharkhand, Bangalore, Goa, Bhopal, Indore, and Nagpur.

• Yesterday, secondary steel prices increased by ₹100 to ₹300 per ton in some markets.

3. Flat Steel Segment:

• Local and export offers remain stable.

• The global market remains volatile, but demand in the Indian market is stable.

4. Market Forecast:

• An increase in ingot and old scrap prices is expected in the spot market today.

Conclusion:

Ingot and secondary steel product prices are likely to strengthen, while the flat steel segment is expected to remain stable.