📅 Iron Market Trend – 16 May 2025

🔸 International Market (China):

The ferrous metals segment is witnessing a downward trend today. Prices of iron ore, stainless steel, rebar, HRC, coking coal, and coke have all declined.

🔸 Domestic Market:

Ingot and old scrap prices remained stable yesterday.

📌 Today’s Ingot Trading Range: ₹42,100 – ₹42,700 per ton

🔸 Secondary Steel Market:

Due to weak demand, secondary steel prices have further dropped by ₹100–₹300 yesterday.

📉 Primary TMT prices have declined by ₹500–₹1,000 this week.

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

🔸 Experts’ View:

Analysts expect stability in ingot and old scrap prices today.