Iron Market Trend (February 20, 2025)

Iron Ore Futures Market (China):

• The most traded I2505 contract closed at 837 yuan/MT (up 2.26%).

• Traders actively sold, while some steel mills showed moderate buying interest.

Domestic Market (India):

• Ingot and Old Scrap prices saw an uptrend.

• Ingot trading range: ₹41,800-42,600/MT.

• TMT steel prices are expected to rise across various markets.

Market Factors:

• Infrastructure development is driving strong TMT steel demand.

• Pressure from Chinese imports continues.

• Possible government intervention with safeguard duties could support market stability.

Expert Opinion:

• Ingot and Old Scrap trend remains positive.