🔩 Iron Market Report – April 25, 2025

🌏 Global Market (China):

As of this afternoon, all items in the SHFE ferrous metal chain in China have shown an upward trend.

🏠 Domestic Market (Mandi):

Mild decline was seen yesterday in ingot and old scrap prices, but some recovery is expected in today’s trade.

🔹 Ingot Range: ₹42,900 – ₹43,700/ton

🏗️ Secondary Steel Markets:

Yesterday, price fluctuations of ₹200–₹300 were observed in the secondary steel market.

Meanwhile, the primary TMT market remained stable.

🔸 Key Markets: Mandi Gobindgarh, Delhi, Gujarat, Raipur, Durgapur, Hyderabad, Jalna, Nagpur, etc.

🧠 Expert View:

With the imposition of safeguard duty, there is a high chance of price rise in structure and TMT amidst strong demand.