Steel Market Report

(Date: 03/04/2025)

1. Market Overview

• Prices in the secondary steel market remain strong.

• Prices in the primary steel market are expected to rise.

• Increased demand is providing support to the market.

2. Price Trends

• Secondary Steel: Stability

• Primary Steel: Possible fluctuations 

3. Key Market Drivers

• Rising demand

• Changes in raw material costs

• Supply chain issues

• Government policies and taxes

4. Expected Market Movement

• Minor corrections may occur, but the overall market remains strong.

• Demand from key sectors (construction, automobile, infrastructure) will have an impact.

5. Industry Insights & Recommendations

• Traders should focus on stock management.

• Plan purchasing strategies considering potential price hikes.

• Stay updated with market trends.