Steel Market Update – May 14, 2025

Iron Ore (China):

Iron ore futures on the Dalian Commodity Exchange (DCE) saw a strong upward trend today. The most actively traded contract, I2509, closed at 737 CNY, marking a 2.43% increase for the day. Traders were relatively active in selling, while steel mills purchased only as per their immediate requirements.

Secondary Steel:

Prices of secondary steel dropped by ₹100 to ₹300 today. With weakening demand, suppliers are likely to face increasing pressure in the coming days.

Primary Steel:

A similar trend was observed in the primary steel market, where subdued demand is contributing to market pressure and may lead to price stabilization or minor corrections.