Iron Market Report

Date: 23rd April 2025

Source: @Advisory Bazaar Info Services

🔹 Global Market Update (China)

▪️ Iron Ore: +1.89%

▪️ Rebar: +0.55%

▪️ HRC: +0.78%

▪️ Stainless Steel: +0.43%

▪️ Coking Coal: +1.28%

▪️ Coke: +1.33%

🔹 Domestic Market (Mandi)

▪️ Strong recovery seen in Ingot and Old Scrap yesterday

▪️ Ingot Range (Today): ₹43,200 – ₹43,900/MT

🔹 Secondary Steel Markets

(Gobindgarh, Delhi, Gujarat, Raipur, Durgapur, Hyderabad, Jalna, Nagpur, etc.)

▪️ TMT bar prices continue to rise

🔹 Expert View

▪️ Demand for secondary steel improving

▪️ Possible government safeguard duty may support prices

Disclaimer: This report is compiled from sources at @Advisory Bazaar and is meant for informational purposes only.