Steel Market Trend – May 14, 2025 (Wednesday)

🔸 International Market (China):

Today, the ferrous metal segment is showing an upward trend. Iron ore, stainless steel, rebar, HRC, coking coal, and coke are all trading higher.

🔸 Domestic Market Update:

Yesterday, prices of ingot and old scrap declined. However, signs of recovery are visible in the market today.

Estimated trading range for ingot: ₹42,200 – ₹42,800 per ton.

🔸 Secondary Steel Market:

Prices in the secondary steel market are expected to remain stable today. Buying interest at lower levels may support the market.

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

🔸 Expert Opinion:

Market analysts believe there is strong potential for recovery in ingot and old scrap prices from lower levels today.