📢 Daily Iron Market Trend (18th February 2025) 📢

📍 International Market:

🔹 Dalian Iron Ore Futures (I2505) closed at 806.5 yuan/metric ton.

🔹 Traders showed moderate selling interest, while steel mills remained cautious.

🔹 Market transactions were moderate.

📍 Domestic Market:

🔹 Ingot & Old Scrap: After yesterday’s decline, prices are expected to remain stable.

🔹 Ingot Trading Range: ₹41,600 – ₹42,400 per ton.

📍 Secondary Steel Market (Mandi Gobindgarh, Delhi, Gujarat, Raipur, etc.)

🔹 Due to slow inquiries, minor price reductions are expected.

📍 Expert Opinion:

🔹 In the spot market, Ingot & Old Scrap prices are expected to remain stable.