Steel Market Update – May 13, 2025

Desk: @Advisory Bazaar Info Services

1. Iron Ore (China):

Today, DCE iron ore futures opened higher but trended downward and remained stable throughout the day.

The most actively traded contract, I2509, finally settled at 714.5, up 1.06% for the day.

Traders sold goods in line with market conditions, while steel mills continued to procure as per requirement.

2. TMT Bar Market (Domestic):

Prices of TMT bars fell by ₹100 to ₹400 per ton in North, West, and South India, though some regions witnessed stable rates.

Key Highlights:

• Demand remains steady

• Inquiries are limited

• Inventory levels are adequate

• Supply is normal

3. Expert Opinion:

If demand picks up from the lower end, prices may improve.

Producers have already made slight reductions in prices since early May.

Order flow is limited, but there are no immediate concerns regarding supply.