🧾 Iron Market Report – 24 April 2025 🧾

🌍 Global Market (China)

All items in China’s DCE ferrous segment closed higher yesterday:

🔸 Iron Ore ➕ +0.83%

🔸 Stainless Steel ➖ Stable @ 12,765 Yuan/MT

🔸 Rebar ➕ +0.68%

🔸 HRC ➕ +0.65%

 🏠 Domestic Market (Local Mandi)

Ingot and old scrap prices closed slightly lower due to profit booking

🧱 Ingot Trading Range: ₹43,200 – ₹43,800/ton

🏭 Secondary Steel Markets

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

🔸 TMT Bar prices showed correction yesterday

🔍 Expert View

📈 Secondary steel demand has improved

🛡️ Govt-imposed safeguard duty may support prices

📊 Overall positive trend expected today