📊 Steel Market Update – May 15, 2025

🌏 International Market – Iron Ore (China)

• The DCE Iron Ore Futures (Contract I2509) closed at 736.5, up 1.17% for the day.

• The market saw some fluctuations, with a slight dip in the afternoon, but ended on a positive note.

• Traders sold stocks based on current market conditions.

• Some steel mills faced weak finished goods sales, leading to reduced buying interest.

🇮🇳 Domestic Market – India

• In Mandi Gobindgarh:

• MS Ingot and Old Scrap prices showed a slight decline today.

• Secondary Steel:

• Due to weak demand, prices dropped by ₹100–₹300 today.

• Primary TMT Bars:

• Prices have declined by ₹500–₹1000 so far this week.